Originally from a village of the Kampong Cham province’s Dambae district, Cambodia, Sokmey is age 28 and married with three children, two daughters and one son, all of whom are dependent on him.
To support the family, he and his wife have been in rice farming and cassava growing for several years. They also supplement their income via selling grocery items. The current business earns them about KHR 40,000 per day and saves him about KHR 20,000 each day after daily expenses.
Sokmey is in his third loan with VisionFund. The past two loans have helped his family with sufficient food. Now he is applying for a loan with VisionFund of KHR 3,000,000. Sokmey will use the loan to buy fertilizers for his farmland and use a portion of it to buy more grocery items for resale. He hopes to increase his income from the current business and sell the crop yields for a good price so as to improve his standard of living.
About VisionFund Cambodia
VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.
Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.