Mercy Foundation Funds Microloan
$800 helped a member to buy fertilizer and rice seed.Cheang was a farmer in need in Cambodia in need of a microloan.
Here is Cheang’s Group’s StoryAs a TbaungKhmum District villager in Cambodia, Cheang has six adult children making a life for themselves away from home. However, just because she is elderly and has adult children, she plans to continue working. On the contrary, Cheang has worked on her rice farm for the last 42 years. She's showing no sign of slowing down. Especially, as it has helped her save $5 a day. Cheang has been part of VisionFund Cambodia, a Kiva affiliate, for the last three cycles. She recently requested a loan of 1,600,000 Cambodain Riels to buy fertilizer and rice seed for her field. With the extra input, she hopes the microloan increases productivity so she and her partner can make more money. I chose, VisionFund Cambodia, a Christian organization and microfinance organization that was established to provide small loans. This organization also provides other financial services to help empower women and their families. I chose the Christian outfit VisionFund Cambodia. It does not discriminate against anyone’s religious beliefs, gender, or ethnic background.
Microloan Increases Cambodian Farm ProductivityThe total value of the fully funded loan given to Cheang was $800. It was funded by the Mercy Foundation. The intention for providing the loan is simple, and that is to change the life of an entrepreneur that was struggling. In the long run, this microloan will help Cheang escape the cycle of poverty, and make a positive change in her community. Kiva brings entrepreneurs and donors together, while VisionFund Cambodia finds people on the ground that are in dire need of funding. This loan helped Cheang take the first step towards realizing her dream of making her farm more productive so that she and her partner can gain a larger income. If you would like to touch the lives of underprivileged entrepreneurs in the same way, pleas visit www.kiva.org. There is a long list of entrepreneurs in dire need of funding to realize their full potential. By funding an underprivileged entrepreneur, you help someone and their family look forward to a brighter future.