The business that she has had for 30 years has earned her a decent income. This is not the first loan for her with VisionFund (Kiva’s partner). For the past loan, she fully paid back with success and it has promptly supported her business as well as progressing her lifestyle.
Now she is a leader of a group of three borrowers (including her) to get a new loan. The total amount of her entire group is 3,300,000 KHR, of which 1,300,000 KHR is her loan portion. As a leader, she will spend her portion of the loan to buy fertilizer and to pay plowing fees. She hopes that she will have enough financial aid for supporting her business on time.
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