The ten years' engagement in Horn's current business has returned her about KHR 10,000 per day. Horn, a third-time borrower, forms a group with three other members, two first-cycle borrowers and one second-time borrower, to apply for a new loan with VisionFund Cambodia (Kiva’s partner). The past loans have impacted Horn positively, improving her lifestyle.
She now leads a group of four to apply for a new loan. Horn, whose loan portion is KHR 1,000,000, is borrowing the same amount as her joint members. She will spend her loan to buy fertilizer for her farmland. She hopes that she can multiply her income to improve her lifestyle.
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