Sea, a first-time borrower, forms a group of two to get a new loan with VisionFund (Kiva’s partner). Sea is seeking 1,400,000 KHR while his joint member is applying for 1,000,000 KHR. As the leader, he will spend his entire loan portion to pay for reaping fees and to buy a pig for raising as supplementary income. He hopes that he can harvest his yield on time and to raise his pig healthily so that he can get a good income from his 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