Bunly is aged 41 years and married with one dependent daughter who is still under school-age. His family lives in a rural area of the Kror Kor district of Pursat Province, Cambodia. To make a living, he has been farming rice on a three-hectare area of farmland for seven years. Bunly can earn about 27,000KHR per day but he can manage to save about 10,000KHR each day after offsetting daily expenses.
This is the first loan for Bunly with Kiva’s partner, VisionFund. He is requesting a loan of 4,000,000KHR. With this loan, he is going to buy fertilizers for his farmland and use a portion of it to spend on buying cows to help him in his farming business. He hopes this loan will enable him to get a high yield from his paddy-rice so as to sell it for a good price.
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.