A second time borrower, Saran is leading a loan group, which consists of three female members, to take out a loan in the amount of 1,000,000 KHR each. The past loan has enabled Saran to purchase a decent motor for use in the family, which makes her so satisfied.
This time, she will utilize her loan portion to support her grocery selling business by purchasing more grocery items to sell. Via the help of this loan, the group representative, Saran, will have enough working capital to secure as well as to strengthen her grocery selling business, leading to more income for the family. She also intends to use her anticipated income to further advance her children’s 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