This will be Savuon's fifth loan while it will be her group member's fourth loan with Kiva’s partner, VisionFund. Savuon has used the loans successfully to support her living costs and business. The current business earns her about 56,000 KHR per day and she is able to save around 10,000 KHR each day.
Now, she is leading her group of two to apply for a loan of 1,200,000 KHR each. As the leader, Savuon will use her portion to buy fertilizers and seed rice for her rice farming. She hopes this loan will enable her to earn more income 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