In this business, he is able to earn up to 30,000 KHR daily. Voeun has never been with VisionFund (Kiva’s partner) before, and neither have his co-borrowers. In the group of three, he is a leader.
Voeun and his co-borrowers are seeking loans of 1,000,000 KHR each. As the group leader, he will use his loan to buy fertilizer for his farmland. He hopes that he can gain triple the yield and make a good profit.
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