This is the first microloan for Lot’s group of three with VisionFund. He is now leading his group to apply for a loan of 1,000,000 KHR each. He wants to use his portion to buy fertilizers for his farmland and use a portion of it to buy ducks for raising. Lot hopes to increase his crop yields and also hopes to fatten his ducks to sell them for a good price to improve his standard of 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