Ka, a third-time borrower, is in the same group with two first-time borrowers to get a new loan from VisionFund (Kiva’s partner). She has utilized her past loan wisely to pay for weeding and harvesting her crops seasonably. Now, she and her co-borrowers are seeking a loan for 1,000,000 KHR each. As the leader, she will spend her loan portion to pay for transplanting her crops, to buy fertilizer, and to pay plowing fee for her farmland.
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