Chiva's main challenge is the shortage of working capital to support her farmland. She formed a group of two to apply for a new loan from VisionFund where she has fully repaid her past loan.
Chiva is requesting a loan for 1,400,000 KHR while her group member is requesting 1,200,000 KHR. As the leader, Chiva will use her loan to buy fertilizer and a pump water for her rice farm. She hopes this purchase will boost her crop output and return 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