Sophy, who has been with VisionFund (Kiva’s partner) for the past five cycles, has fully repaid her past loans which have improved her living conditions in a gradual manner. Now, she has formed a group of two to apply for a new loan. She will spend her loan portion to buy more grocery items for resale. Additionally, she will use some of her loan portion to buy fertilizer and to pay for plowing. She hopes that she can gain a high yield and attract more clients for her grocery-selling business.
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