Including this loan cycle, Phon is a second-time borrower with VisionFund (Kiva’s partner). Since the past loan, she has been able to provide daily, decent food for her family, and maintain her business. Now, she forms a group of three to apply for a new loan. As the group leader, she will use her loan portion to buy rice seed and potash, and to pay the fee for plowing her land. She highly believes that she can sustain her living and make her business grow well.
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