Sinouch’s group consists of two members who live in the same village. Now he and his fellow group member are applying for their first loan in the amount of 1,000,000 KHR each with Kiva partner VisionFund. As the leader, he is going to use his portion to buy fertilizers for his farmland and use a portion of it to spend on water pumping for his rice field. He hopes this loan will enable him to make more income so as to have a good 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