This is the second loan for Sopheap and the first loan for her co-borrower with VisionFund (Kiva’s partner). The past successful loan, which she has repaid completely, enabled her to improve her living conditions.
For this cycle, she is seeking 400,000 KHR while her joint borrower is applying for 1,000,000 KHR. As the leader, she will spend her loan portion to buy fertilizer for her farmland. She hopes that she can make more income from her business and expand it to a bigger scale.
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