This is the first microloan for Hen with VisionFund Cambodia (Kiva’s partner). She leads a group of two to apply for a new loan. Her requested loan amount is KHR 1,000,000, while her joint borrower is applying for a loan of KHR 500,000.
As the group leader, Hen will spend her loan portion to buy fertilizer and to pay for plowing and weeding fees. She hopes to replant her cash-crop on time and to make a good income.
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