Sareout, a second-time borrower, is leading a group whose other member is just a first-time borrower with Kiva’s partner VisionFund. They are taking out a loan in the amount of 1,000,000 KHR and 500,000 KHR respectively. The group leader, Sareout, states that with the previous loan he was able to improve the living conditions of his family. This time, he will use his requested loan portion to pay the wages of his farm laborers. With the help of his loan, Sareout highly believes that he will be able to harvest rice and beans on time.
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