Chanthy and the other two borrowers of this group are first-time borrowers with VisionFund (Kiva’s partner). These borrowers are seeking to borrow 1,000,000 KHR, each. As the group leader, Chanthy will use her loan portion to buy rice seed and potash for her farmland. She hopes to earn more income, so that she can enlarge her 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