This is the third microloan for Ngon with VisionFund (Kiva’s partner). She has paid back her past loan completely that enabled her to improve her lifestyle at a gradual pace. Ngon is leading a group of two to obtain a new loan. She and her joint borrower are requesting loan for 1,000,000 KHR and 1,200,000 KHR, respectively. As the leader, she will spend her entire loan portion to buy fertilizer, pesticides, and plowing fees.
She hopes to obtain a better yield than before and to increase her family’s 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