This is the first microloan for Sophat with VisionFund (Kiva’s partner). She is now forming a group of two to get a new loan. As the leader, she will spend her entire loan portion to buy fertilizer and rice seeds for her family. She hopes that she can gain a good yield from her crop so she can earn more money to expand her business.
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