This is the fifth loan for Chhan with VisionFund (Kiva’s partner) and she has repaid back her past loan completely. Nowadays, her living conditions are better than before. Now, she is forming a group to get a new loan. The total amount of her group loan is 5,000,000 KHR, of which 1,400,000 KHR is her loan portion. She will spend her loan portion to pay the fee for harvesting her paddy rice and to buy good sesame seedlings to grow to supplement her income. She very much hopes to harvest her crop in a timely way.
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