He and the rest of his family are living in a local area of Pursat Province's Bakan district where rice farming is a popular business for him as well as for his neighborhood. He has been engaged in his rice cultivation for 18 years, earning about 21,200 KHR per day. For him, the lack of working capital for supporting his business is the main challenge. Therefore, he forms a group of three members to apply for a new loan. As the first-time borrowers, he and one of his co-members are seeking for a loan of 500,000 KHR each while a remaining member is applying for 700,000 KHR.
For Thoeurn, as the leader, he is going to use his portion to buy fertilizer for his farm. He highly hopes that this purchase will boost his crop productivity and return him a good income.
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