Dy’s group consists of two members who live in the same village. Both of them are in the first-time microloan program with Kiva’s partner VisionFund. Dy is leading her group to request a loan of 500,000 KHR each. She is going to use her portion to buy fertilizer for her farmland and pay for labor fees. She hopes this loan will help her to improve her productivity so she can sell the rice for a good price and earn a better living.
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