Sokhei has been with Kiva's partner VisionFund for five loans. After each loan has been repaid, she feels empowered to upgrade her living conditions better than before. Now, she forms a group of two to apply for a new loan. The other member is a first-time borrower and seeks a loan of 1,000,000 KHR. As the group leader requesting a loan of 400,000 KHR, Sokhei will use her portion to buy fertilizer and to pay for weeding for her cassava field. Moreover, she will use a portion of it to buy rubber plant seedlings for resale for additional income. She hopes to make more income from her business so as she can maintain her lifestyle.
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