Sophy is a fifth-time borrower and her fellow group member is a first-cycle client with VisionFund (Kiva’s partner). Her past loan has enabled her to maintain her business with good progress. In this new cycle, she and her co-borrower are seeking 2,000,000 KHR each.
As the leader, Sophy will spend her loan portion to buy ten sacks of fertilizer and to pay for the transplanting fee. She hopes that she can replant her rice on time, with a good income in return, so she can build a new house and a decent latrine for her family.
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