Rice farming is the main source for her family’s income and she has been farming rice on an eight-hectare area of farmland for about 23 years. The current business earns her family the daily income of about 25,000 KHR but she is able to save 18,000 KHR each day.
This is the fourth loan for Chanthy with Kiva's partner VisionFund. Now she is leading her group to ask for a loan. As the leader, she is going to use her portion to buy fertilizers for her farmland. She hopes this loan will enable her to reap a better harvest from her rice paddy so as to sell it for a good price.
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