Theary, who has received five previous loans from VisionFund, is now leading her fellow group members, both of whom have received four previous loans, in requesting a loan of 3,600,000KHR; Theary and one member are applying for 1,400,000 KHR each, while the remaining member is seeking 800,000 KHR.
Theary has repaid her previous loans, which were wisely used to buy household supplies. She will use her current requested loan portion as additional working capital in her palm sugar trading. Through this loan, she hopes to increase her profit and, most importantly, be able to support her son’s education.
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