This is the second loan cycle for Soeurn and the first loan for her other two members. She has paid back her first loan which has helped her to make a better living and earn about 27,000 KHR per day. She and one of her group members are each requesting a loan of 1,000,000 KHR each while another one is applying for 500,000 KHR.
As the group leader, Soeurn is going to use her loan to buy fertilizers for her farmland. She hopes that price of potatoes will increase and she can receive more crop yield so that she can earn more profit.
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