To overcome this challenge, she has reapplied for a new loan with VisionFund Cambodia. Sivorn has been with VisionFund Cambodia (Kiva’s partner) for four cycles. She has managed her past loan properly, to upgrade her lifestyle.
For this new cycle, Sivorn will use her loan portion to fix her house. She hopes the loan will help her to renovate her house on time, so she does not need to worry about her house condition during either the upcoming dry season or rainy season.
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.
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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