This is not the first loan for Tharong with VisionFund (Kiva’s partner). She repaid her past loan completely. It helped her to improve her living standard especially to buy household appliances and to keep her children in school. Now, she has formed a group of two to get a new loan. As the leader, she will spend her entire loan portion to buy fertilizer and rice seed and to pay for a labor fee, a reaping fee, and a land leasing fee. She hopes that she can increase her yield.
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