This is the fourth loan for Cheth with VisionFund; she completely paid back the past three loans, which have enabled her better support her family and rice farming business. To address her funding challenges, she is leading her group of four female members to apply for a loan of 1,000,000 Riel (KHR) each.
As the leader, she is going to use her portion to buy fertilizer and rice seeds and use a portion of it to pay for plowing land for rice farming. With this loan, she hopes to grow her rice in a healthy way, increase crop yields so as to earn more income, and to make a better living.
About VisionFund CambodiaVisionFund 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.
This is a Group Loan
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Success!! The loan was 100% repaid