Now Ly is in need of money to purchase a horse, so she is leading a group member, who has just been with VisionFund for the first time, to apply for a loan in the amount of 1,000,000 KHR and 500,000 KHR respectively. The group leader, Ly, will also spend her loan portion on the rental fees of her rice field. Ly expects a boost in her income and is willing to use the anticipated income to pursue the education of 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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