Laiheng has never been with VisionFund (Kiva’s partner) before, and neither have her other five fellow members. All of them including Laiheng are seeking 1,000,000 KHR each. As the leader, she will spend her entire loan portion to buy raw silk and to pay for the labor costs that help to dye the color of her silk.
Laiheng hopes that she can gain a good income from her business so that she can expand her business and keep her kids in school until the tertiary level.
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