A rural villager from the Kandal province's Kandal Stoeng district, Proeurng, 56, is married with five children. To feed his big family, he has been growing rice with his wife for about twenty-nine years. He also runs a motor rickshaw (tuk tuk) to earn extra income. With his current business, he can earn about $16 per day and can save about $11 each day for his future needs.
Proeurng has been a member of VisionFund for two cycles already. He has successfully paid back his past loans, which helped him purchase a hand tractor and a decent motorbike. He is confident in his ability improve his family's quality of life with these loans from VisionFund. Now, he is taking out a loan of $800 to buy a water pump for his rice farming business. He will also use a portion of the loan to buy fertilizer for his farm and pay other necessary household expenses. With this loan, he hopes to increase his current business and to improve his quality of life.
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.