Lak has been with Kiva’s partner, VisionFund, for two cycles and successfully paid back the loans, while his group members have been from the first cycle. He is leading the group to apply for a loan with VisionFund. As the leader, Lak is going to use his portion to buy fertilizers for his farmland and use a portion of it to plant rubber tree seedlings to earn more income. He hopes to increase his income so as to improve his family's living conditions.
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