This is Soeung's second loan from VisionFund (Kiva’s partner). She has completely repaid her past loan with success and it helped improve her living conditions and keep her kids in school. Soeung now leads a group of four to apply for a new loan. As the group leader, she will use her loan portion to buy rice seed and potash and to pay for plowing. She hopes that she will get a higher yield than last year so that she can earn more income for her kids and keep them in school.
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