Khvy is 27 years old and married. She has two children, all of whom are dependent on her and still in school. Her family lives in a rural area of the Me Mot district of Kampong Cham province, Cambodia. To make a living, she has been farming rice on a 1.5 hectare area of farmland and also supplementing the income by growing cassava on three hectare of farmland. Having been in business for six years, they are able to earn about US$10 per day and manage to save about US$3 each day after daily expenses. Insufficient working capital is the main challenge for her farming business.
Khvy has been with VisionFund for two cycles and has fully paid back the past loans which have helped her to better support her current business. Now she is requesting a loan of US$1,250 from VisionFund. She is going to use her portion to buy fertilizer and seeds for her plantation business. Through this loan, she hopes her crop yield will become more profitable so as to sell it for a good price and improve her 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.