Married with two young children, Sosaath, 24, lives in a village in the Kampong Cham province’s Dambae district, in Cambodia. The main source of her family’s income is from planting cassava on 1.5 hectares of farmland. Having farmed cassava for three years, Sosaath is able to earn a daily income of KHR 21,600 to support her family. She manages to save about KHR 6,000 per day for future needs.
This is the first loan for Sosaath with Kiva’s partner, VisionFund. She is applying for a loan of KHR 2,000,000 to buy fertilizer for her farmland. She hopes the fertilizer will help her increase her crop yields, so as to make a better living and help her family move into a bigger house.
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.