Yer, a first-time borrower, is leading another group member who is also a first-time borrower with VisionFund (Kiva’s partner) to take out a loan in the amount of 1,000,000KHR each. Yer will utilize her loan portion to buy fertilizer and pay for the cost of labor. After receiving the requested loan, Yer expects a boost in her 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