He has been working tirelessly in his current business growing cassava to continually provide income for his beloved family. Leoung’s wife is also an industrious woman. She helps earn more income for the family by running a small local store selling grocery items.
To run his cassava-growng business smoothly, Leoung is leading a loan group of nine members, all of whom are first-time borrowers with VisionFund (Kiva’s partner). They are seeking a loan of KHR 7,700,000 in total. As a group representative, Leoung will use his loan portion, which is KHR 1,000,000, to buy fertilizer and pesticides and to pay labor fees.
Leoung believes that his first-ever requested loan will have a huge positive impact on his cassava-growng business as well as his family's living standard.
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