Kimrat and one of the co-borrowers are in their sixth loan cycle and are requesting a new loan of 1,400,000 KHR each. They have joined with the third group member, who is a first-time borrower, requesting a loan of 1,000,000 KHR. Kimrat has managed her past loans wisely to upgrade her lifestyle and improve her business. She has fully repaid her past loans. As the group leader, Kimrat will use her loan portion to fix her house and get it in better condition. She hopes to own a decent house for her family so that she does not need to worry about her house's condition anymore and so she can pay more attention to her income-generating activities.
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
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid