This is the third microloan for Sophat’s group, which is comprised of two members. Sophat completely repaid his past two loans with VisionFund, which have helped him to make a better living. Now, he is leading his group to request a new loan with VisionFund. As the leader, he wants to use his portion of the loan to buy a bevel motor, which he will use in his carpentry business. He hopes this loan will enable him to earn more income from his current business, so as to improve his standard of living.
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