This is not the first cycle loan for Path as she has been with VisionFund for three cycles already. She has used the previous loans with success and they have helped her to maintain her standard of living.
Now, she is forming a group of two to apply for a new loan with VisionFund. The total loan amount of her entire group is 1,800,000 KHR. Path, whose loan portion is 1,400,000 KHR, will use her loan to buy more grocery items to sell. She hopes this purchase will help her to replenish her items on time and make a good income for her living standard as well as for her son’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