Lacking working capital to support her fishing business, she has formed a group of three to apply for a new loan. Mao is in her fourth cycle, and her remaining two members have just joined VisionFund(Kiva's partner) this cycle. She feels so confident in upgrading her living conditions after the past loan, which she has repaid.
As the leader, she is going to use this loan cycle to buy more fishing materials, including a fishing outfit, net, etc. She hopes to catch more fish so she can increase the income for her family.
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