A 42-year-old married woman named Mon lives in a rural village of Tbaung Khmum district in Kampong Cham district, Cambodia. She is blessed with five children, two (a daughter and a son) of whom are students.
To offer a decent life for the family, Mon and her husband have been planting cassava for more than 10 years, earning around 45,000 KHR (Cambodian riels) per day and saving approximately 27,000 KHR after canceling out the daily expenses.
Mon is requesting a 2,000,000 KHR loan with VisionFund (Kiva’s partner) for the first time. With this first-time requested loan, she will pay the rental fee of a 2-hectare plot of farmland. Mon hopes to earn more income from the cassava-planting business so that she can pay back the loan and improve the family’s lifestyle as well as further advance her school-aged children’s education.
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.