Rorn’s group consists of four members who live in the same village and this is the second microloan for Rorn’s group with Kiva’s partner, VisionFund. She successfully paid back the past loan which has helped her to relieve her family’s burden. Now she and her group members are applying for a loan of 1,200,000 KHR each. As the leader, she is going to use her portion to buy a plot of farmland for growing rice. She hopes this loan will enable her to increase and grow her rice successfully so as to improve her family’s standard of living and so she can send her children to school.
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