This is the first micro-loan for Dy with VisionFund (Kiva’s partner). She is applying for 1,000,000 KHR while her joint-borrowers are seeking 600,000 KHR each. In her group of three, she is the leader. She will spend her loan portion to buy potash for her cash-crop and pay for her transplanting fee. She hopes to grow her rice in a timely manner and improve her lifestyle better than before.
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