To earn a living, she grows rice and works for others for fees. She typically earns approximately 28,000 KHR per day to cover her costs of living.
Koeun is new to VisionFund (Kiva’s partner). She is now leading her first micro-loan group, which consists of five members total. She and her co-borrowers are seeking 1,000,000 KHR each (5,000,000 KHR). As the leader, she would like to use her loan portion on labor costs and plowing fees and to purchase fertilizers for her crops. She hopes that the loan proceeds will enable her to boost her yield and triple her income.
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