Now, she is teaming up with a large group consisting of six borrowers to get a new loan with VisionFund (Kiva’s partner). The past loan that she has paid back completely enabled her to support and improve her business gradually.
Now, the total amount of the loan requested by the entire group is 6,000,000 KHR, of which 1,000,000 KHR is An's loan portion. As the leader, she will spend her entire loan portion to buy seed, insecticide and fertilizer for her crop. She hopes that she can gain a better yield than before.
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