Rice crops are the main source of income for his family to cover their daily expenses. He has been involved in this business for 22 years and is able to earn about 15,000 KHR per day.
Now, the harvest season is coming. Hence, he formed a group of three members to apply for a new loan. This is Thy's second cycle with Kiva Field Partner, VisionFund. The past loan, which he has completely paid back, has strengthened his confidence by uplifting his lifestyle in a good way.
For the new loan cycle, Thy is seeking 1,200,000 KHR, while his two fellow group members are applying for 1,000,000 KHR each. He hopes that requesting this loan, which he will use to pay harvesting fees, will promptly support his business so that he can gain double yield with good profits for his children’s sake.
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