Mao’s group consists of three members who live in the same village. She has been a member of VisionFund for three cycles already and completely repaid the past loans. She has wisely used the previous loans to constantly support her family's livelihood. Now she and one group member are requesting a loan of 1,400,000 KHR each; while the remaining member is requesting a loan of 1,300,000 KHR. As the leader, Mao will use her portion to buy more grocery items to sell and will use a portion of it to purchase plastic mulch for her rubber plantation business. With this loan, she hopes to get a high yield so as to better her lifestyle and keep her children in 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