Now, Saveung and her joint borrower, who have been with VisionFund (Kiva’s partner) at least four cycles, have fully repaid their past loan already. Now, she is a leader of this group. Savoeung will spend her entire portion to pay the plowing fee and labor costs and to buy fertilizer for her crop. She highly believes that she gain get more income from her business so as she can improve her living at a gradual pace.
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