Soemleng, the fourth-time borrower with VisionFund (Kiva’s partner), has repaid back her past three loans with success and it has helped her to earn a decent income to buy household appliances and to keep her kids in school. For this cycle, she leads a group of two to get a new loan of 1,400,000 KHR each. As the leader, she will use her entire loan portion to buy seeds and fertilizer to support her business. She hopes that she can grow her rice on time so that she can double her income.
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