Chanleak is not a first-time borrower with VisionFund (Kiva’s partner). Her past loan was the first loan with VisionFund. She has completely repaid her past loan with success, and it has enabled her to upgrade her lifestyle in a gradual manner.
Now, she is in a group of three to apply for a new loan. The total loan amount of her requested loan is 3,600,000 KHR (Cambodian riels). As the group leader, she will spend her loan portion to buy fertilizer and insecticide, and to pay for labor. She hopes that she will gain a good yield, better than last year's.
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