Age 40 years, Sokheang is a married mother of six children living in the Prey Chhor district of Kampong Cham province. Of her children, five are dependent on her. Three are in school while the other two are still too young for school. Sokheng is a rice farmer who grows rice on 2.5 hectares of farmland. She has been in the business for twenty-two years and she can earn about 36,000KHR per day and can save about 10,000KHR each day after daily expenses.
This is the second loan for Sokheng with Kiva’s partner, VisionFund. She completely paid back the first loan, which has helped her better support her family. Now she is applying for a loan of 3,000,000KHR. With this loan, she wants to buy fertilizer and rice seeds for her farmland. This loan will enable her to extend her farmland so as to increase her rice production to increase her family’s income and she hopes to improve her family’s living conditions and keep her children in school.
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.