Savann has been with VisionFund (Kiva’s partner) for the past three cycles. Her living conditions have improved gradually with her past loans, which she has repaid with success. Now, she is in a group of four members applying for a new loan. The total amount of the group loan is 5,400,000 KHR. Savann is going to use her loan portion of 1,400,000 KHR to buy fertilizer and rice seed for her farmland. She hopes to grow her paddy rice on time and make a good profit.
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