Mat, a fourth-cycled borrower, joins a group of three, with two first-time borrowers with VisionFund Cambodia (Kiva’s partner). Mat has repaid her past loan with success and it has enabled her to improve her lifestyle at a gradual pace.
Now, Mat applies for a loan in the amount of KHR 1,400,000, whereas her two joint-borrowers are seeking KHR 1,000,000 each.
As the leader, Mat will spend her entire loan portion to buy fertilizer and rice seeds for her crops. She strongly believes that she can gain a good yield, with high income in return.
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