Pheak is on her fifth loan cycle with VisionFund (Kiva’s partner). She has fully repaid her past loan already. The loan has supported her business on time. Now, she forms a group of five to apply for a new loan. As the leader, she will spend her loan portion to buy potash and rice seed, and to pay for labor for her rice crop. Additionally, she will use a portion of the loan capital to buy pigs and pig feed, which she will use to earn extra income. She hopes to earn more income and to keep her kids in school until graduation.
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