This is the third loan for Neang with VisionFund, Kiva’s partner. Her past loans which she has fully paid back has supported her business and improved her lifestyle gradually. Moreover, she was able to buy household supplies such as a table, a closet, and a television for her family. Now, she is in a group of two and a group leader. She and her co-borrower are seeking for 1,000,000 KHR each. For Neang, she is going to use her loan to buy fertilizer and rice seeds. She will also use a portion of it to pay for plowing and transplanting fee, and pumping the water for her rice farm. She hopes to grow her paddy rice on time so that she can gain double yield and make more income.
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