This will be Savath’s eighth time requesting loan via VisionFund (Kiva’s partner). Savath stated that via the help that she received in the form of the previous loans she was able to improve her family’s lifestyle and sufficiently meet the family’s needs. Now she is leading a loan group of three female members to apply for a new loan with VisionFund in the amount of 1,200,000 KHR each. As a group representative, Savath will use her loan portion to support her rice-growing business by purchasing fertilizer and her husband’s business, fish-catching business, by purchasing fishing materials such as fish traps and cast nets.
This hard-working mother (Savath) has a dream of being able to run a new business, which is selling grocery items, in the hope of generating even more income to the family. This new requested loan portion will have a positive effect on her family’s living condition and family’s income. She will also be able to utilize the anticipated income to further her beloved kids’ education.
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