Ann has been in this business for 12 years. Together, she and her husband can earn about 20,000 Cambodian riel (KHR) per day and manage to save about 8,000 KHR each day after daily expenses.
This is Ann’s eighth loan with Kiva’s partner VisionFund. The two other members of her group have been with VisionFund for three to eight cycles.
Ann’s seventh loan helped relieve her family's burden. Now, she is leading her group in a request for a loan of 1,400,000 KHR each. Ann will buy seeds and pesticides for her farmland and use a portion of the loan for plowing the field.
She hopes to get a high crop from her corn planting so as to make a better living.
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