Phally’s group consists of two members who live in the same village and this is the first loan for her with Kiva’s partner, VisionFund. Now she is leading her group to ask for a loan of 600,000 KHR each. Phally is going to use her portion to buy fertilizer and pesticides for her farmland. She hopes her crop yield will become more profitable so she can make a better living and keep her child 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