With this loan, she and her co-borrowers in the same group of three are fourth-time borrowers with VisionFund (Kiva’s partner). She has fully repaid her past loan wisely to uplift her livelihood. Now, all of the members, including her, are taking out a loan of 1,400,000 KHR each. As the leader, she will spend her loan portion to buy fertilizer, gasoline, and to pay for labor costs.
She hopes that she can gain double the yield from her crops and earn a better income than last year.
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