Leap’s group consists of two female members who live in the same village. This is the second microloan for her group with VisionFund. The first loan has helped her to expand her current business and improve the standard of living of her family. Now she and her group member are requesting another loan with VisionFund of 1,200,000 Cambodian riels (KHR) each. Leap, who is the leader, will use her portion to buy more cakes for resale, and hopefully, this business generates her more income so that she can build savings for getting a new motorbike for her children.
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