This will be Sopheoun’s second time requesting a loan via Kiva’s partner VisionFund. The previous loan has enabled Sopheoun to meet the family’s needs and better support the family. Now she would like to expand her current business by buying more plots of land. Thus, Sopheoun is leading a group of two to apply for a loan in the amount of 2,200,000 KHR in total. After receiving and using the loan portion as she plans, Sopheoun believes that she will be able to increase her productivity generating more income for the family. In the future, she is willing to send her only son to a good school.
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