Savy has never been with VisionFund (Kiva’s partner) before. Now, she is a leader of a group of six. She and her joint borrowers are seeking a loan of 1,000,000 KHR each. As the leader, she will use her entire loan portion to buy fish to make fish paste for resale. She hopes that this new business will generate a decent income to enable her to improve her lifestyle.
More information about this loan
This loan will enable an entrepreneur to start up their own business. VisionFund Cambodia had designed this loan product to target young entrepreneurs with specific technical training or who want to expand into a new line of work. The organization equips all of its clients with financial education and training to help them run successful businesses.
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