A farmer from Kampong Cham province where her residential area is, Sima is 43 years old and married. She has five children, two of whom are students in a local school. Since Kampong Cham is an area where cassava is one of the famous products, and the farmer can generate more income from this cash-crop, Sima also grows this crop on her 1 hectare of farmland. To supplement her income, she plants soybeans on a 1.5-hectare area.
For two years that she has been occupied in this business, she has been able to earn about 40,000 KHR (Cambodian riels) per day. Sima has been with VisionFund (Kiva’s partner) for two times including this loan. After the successful loan, which she has completely repaid, she feels confident that she can upgrade her living conditions at a good pace. Moreover, she can sustain her business progressively.
Now, she is seeking 4,000,000 KHR. She will spend her loan portion to pay for labor costs for those who help her to grow cassava and to use some portion of it to support her soybean farming. She hopes that she can gain a high income and make a better 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.