This is the fifth loan for Sophal’s group of two members. They successfully paid back their loans with VisionFund. Now he is acting as leader of his group to apply for a 1,000,000 KHR loan. He will use his portion to buy chicken feed and more recyclables to sell.
Sophal hopes this loan will enable him to earn more income and so improve his family’s standard of living.
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