Yuon earns a daily average of 28,000 KHR from these businesses. She is the group leader for this loan group, and this is their eighth loan cycle. She has managed to pay back previous loans completely, which has enabled her to buy one additional hectare of farmland for growing paddy rice. For this new loan, Yuon's requested loan amount is 1,200,000 KHR, while her member is applying for 1,000,000 KHR. Yuon will use her loan portion to buy 6 sacks of fertilizer and to pay weeding fees for the rice. She expects to increase her crop yields in order to keep expanding her current business and generate more income.
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