Now, in a group of two, Leng and his co-borrower are in their first cycle of borrowing with VisionFund, Kiva’s partner. He is a group leader. Both of them are seeking for 1,000,000 KHR each. Leng is going to spend his portion to buy rice seed, fertilizer, and to pay plowing fees. He highly hopes that he can increase his income even more so that he can have a better living and build a new house for his kids.
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