This is the first loan with VisionFund (Kiva’s partner) for Chen’s group, which consists of four female members. Chen and her co-borrowers are seeking 1,000,000 KHR each. As the leader, Chen will spend her loan portion to buy gasoline for her hand-tractor, rice seed, and insecticide for her crops. She hopes to gain a good yield from her business and 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