A new client of VisionFund (Kiva’s partner), Heap leads a group of three to apply for a new loan. She and one of her co-borrowers are seeking 1,000,000 KHR each, while the third member is applying for 500,000 KHR. As the leader, Heap will spend her loan portion to buy five sacks of rice seed and gasoline for her mini-tractor for plowing her farmland. She hopes to earn more income so that she can expand her business gradually.
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