This is not the first loan for Phea with VisionFund (Kiva’s partner). She repaid the previous loan with success, and has improved her living conditions in a good place.
Now she and a joint member are seeking a new loan of 1,300,000 KHR and 1,000,000 KHR, respectively. As the leader, she will spend her loan portion to buy fertilizer, and to buy gasoline for her hand-tractor for plowing her farmland.
She hopes this purchase will help her to grow her rice effectively, and it will sell at a high price so she can triple her 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