Now she is in need of money to support her rice-growing business. This business provides the main source of income for her family. Sophy is leading a loan group of three female members to take out a loan in the amount of 2,500,000KHR in total. Sophy, the group leader, will utilize some portion of her loan to support her rice field by buying fertilizer and pesticide. The remaining portion of the loan will be spent on buying piglets to raise in hope of earning addiitonal profit for the family in the future. After receiving her loan portion and using it as she has planned, Sophy believes that she can increase her crop yields as well as the family's income. She is also planning to use the anticipated income to send her beloved son to a good school.
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