This is Cheng's fourth loan with VisionFund (Kiva’s partner). The past loan, which she has repaid completely, supported her living steadily. Since she is now in need of working capital for her business, she leads a group of three female members to apply for a new loan. She and one of her co-borrowers are seeking to borrow 1,400,000 KHR each, while the remaining group member is applying for 1,000,000 KHR. Cheng, the group leader, will use her loan portion to buy potash and pesticide for her farmland. She hopes that she can gain a higher yield than before, so that she can maintain a good living standard 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