Now, she forms a group of other three females to apply for a new loan. She and another two joint members are each seeking 1,400,000 KHR, while the remaining co-borrower is applying for 1,000,000 KHR. As a group leader, she will use her loan portion to buy fertilizer, and to pay the water-pumping fee for her pineapple plantation. She does believe that she can gain double yield from her crops; thereby, she can make more income to build a new house for her family.
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