This is the first microloan for Som with VisionFund (Kiva’s partner). She formed a group of three to apply for a loan. As the leader, she will spend her loan portion to buy a decent motorbike for her husband as the transportation for commuting back and forth to the workplace.
She hopes that her husband can minimize the transportation cost that he used to cover and use the money to help the family instead.
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