This is not the first loan cycle for Oun and her co-borrower with VisionFund (Kiva’s partner), and she has completely paid back the past loans. Now, she leads a group of two in order to apply for the new loan. As a leader, she will spend her entire loan portion to pay for plowing, labor and harvesting fees, and fertilizer and pesticide purchasing. She hopes to expand her cassava business on a larger scale.
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