To tackle this challenges, Norn is leading a group of four members to apply for a new loan. Two members are the third-time borrowers and the other two are first-time borrowers with VisionFund (Kiva’s partner). Norn has succeeded in using her past loans to support her family and finally she managed to buy some household materials. Now, her group is borrowing 4,200,000 KHR. As the group leader, Norn will use her loan portion to buy fertilizer and insecticide and to pay a transplanting fee for her farm. She hopes to gain a better crop yield and earn more income from her current business.
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