Originally from the Mongkul Borey district of Bateay Mean Chey province, Savun is a local farmer and her husband is a blacksmith. They are blessed with three children who currently are studying at the public school in the community. Engaging in this business for eight years, Savun is able to earn about 8 US dollars per day and saves about 5 US dollars per day. However, sometimes this income is quite lower than her expectations due to pests and weeds.
This is her second loan with VisionFund (Kiva's partner). She paid back her past loan completely, which supported her crops on time and kept all of her children in school. For this new cycle, she is seeking 1000 US dollars. She is going to use her loan to buy four sacks of fertilizer and pesticides. Moreover, she will use some portion of it to buy materials to support her husband's business. She hopes to minimize her loss and get back high margins to better her lifestyle.
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.