Chaily is a second-time borrower with VisionFund Cambodia (Kiva‘s partner). The past loan which she has repaid has enabled her to support her living and her business on-time. She managed to buy household appliances for her family, too.
Now, in a group of four, she is the leader. Chaily and her joint borrowers are each seeking the same loan amount of KHR 1,200,000.
Chaily will spend her loan portion to buy fertilizer, to pay for plowing fees, and to buy insecticide for her farmland. She hopes to replant her crop in a timely manner and to get a good yield.
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