In a group of three, Sokheab is on her fourth-loan cycle with VisionFund, Kiva’s partner. Her past loans have, indeed, helped relieve her family's burden and improve their livelihood. Now, she and two joint members are seeking 1,000,000 KHR each. Sokheab is going to use her portion to buy rice seed, fertilizer, and gasoline for water pumping on her rice farm. Additionally, she also will use a portion of it to buy more grocery items for reselling. She hopes that she can sustain both businesses in a good manner, so she can multiply her income for her children.
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