This is the first microloan for Ann’s group of two with Kiva’s partner, VisionFund. Now leading her group to request a loan of 1,000,000 KHR each, Ann, who is the leader, will use her portion to buy fertilizer for her farmland and use a portion of it to spend on plowing the field. With this loan, she hopes to get a high yield from her current business to improve her lifestyle.
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