Oun’s group consists of three members. She has already been with VisionFund for one cycle while the other members are new to VisionFund this cycle. The first loan, which she has recently just repaid, helped her to relieve family’s burden and improve their livelihood.
Now she and her group members are seeking for a loan of 1,000,000 KHR each. As the leader, she is going to use her portion to renovate her house. She hopes this loan will enable her to have a decent house for her children, so she does not need to worry about her house conditions especially during the rainy season.
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
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid