Sophea has been with VisionFund (Kiva’s partner) for five cycles including this cycle. Her past loans, that she has completely repaid, have kept up the good progress of her business. This cycle, she is the leader of a group consisting of two women. The total amount of the requested group loan is 2,600,000 KHR. Sophea is going to spend her portion of 1,400,000 KHR to buy potash, insecticide and gasoline to pump water for her rice farm. She hopes this loan will boost her crop on time and she will get a better yield than before.
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