This is the fourth-cycle loan for Ol with VisionFund. The past loan, which he has repaid back with success, has enabled him to improve his living conditions at a gradual pace. For this cycle, he teams up with a group of three to get a new loan of 1,000,000 KHR each. As the leader, he will use his loan portion to pay for plowing fees and to buy fertilizer, insecticide, plus rice seeds. He hopes to grow his rice on time with a good yield so that he can keep his kids in school.
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