This is the sixth-cycle loan for her with VisionFund (Kiva’s partner). Her past loan, which she has fully repaid has enabled her to increase her standard of living. Now, she leads a group of two to get a new loan. She is requesting a loan for 1,400,000 KHR and her co-borrower is applying for a loan of 1,200,000 KHR. As a leader, she will spend her entire loan to pay for a plowing fee and to buy fertilizer and pesticides for her crop. She hopes to gain a good yield to increase 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