In a group of three, Sophal has just joined VisionFund (Kiva’s partner) this cycle, while his other two co-borrowers have been with VisionFund for at least three cycle loans. The total requested loan amount of his microloan group is 1,700,000 KHR, of which 500,000 KHR is for Sophal. He will use this portion to buy fertilizer for his peanut farmland. He hopes to boost the output of his farm on time, so he can make more income for his family - especially his child.
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