The first loan has improved the quality of the crops. Now, Rong is in need of more money to buy more fertilizer to improve crop yield, which will allow her husband to sell the crops at a higher price. Therefore, she decided to request another loan after the first loan ended. Because of her good performance during the first loan cycle, Rong was appointed to be a group leader. With her group member, she is applying for a loan in the amount of 1,700,000 KHR in total. After receiving her loan portion and using it wisely, Rong hopes that her husband’s rice-farming business, which forms a big part of the family’s income, will provide him with better quality crop yields. This will allow her husband to boost the family's income. They will use some portion of the anticipated income to buy spare parts for a tractor to further improve their farming capabilities.
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