This five member group is a first-cycle loan client, Vannak is the leader. She is seeking 600,000 KHR; one of her co-members is also applying for 1,000,000 KHR; the other three members are requesting for 800,000 KHR each. Vannak is going to use her portion of the loan to buy fertilizer for her cash-crop. She hopes that this purchase will create good production and profit, so she can be better-off and raise her living condition.
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