This will be Lai's seventh loan and her co-borrower's third loan in the same group of two members through Kiva partner VisionFund. Lai is the leader of this group. She has repaid her previous loans fully and promptly, and the investment from these loans has enabled her to build her business into an increasingly stable source of income.
She and her co-borrower are currently requesting loans in the amount of 1,400,00 KHR each. She will utilize her loan portion to buy soy milk, bread, and coffee to offer for sale. She is confident that she can increase her income through this investment.
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