Rice farming has been the only source for earning a living and for his family’s income for forty years. The main challenge is the lack of water supply for the crop yields in his business.
Heang is the group leader of three members who live in the same village. Now he is leading his group to apply for the first microloan with Kiva’s partner, VisionFund.
As the group leader, he is going to use his portion to buy fertilizers for his farmland and use a portion of it to buy materials for his son’s business. He hopes this loan will enable his family to make more income to improve their standard of 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