This is the second loan cycle for her with VisionFund (Kiva’s partner), and she is a leader of a group of two for the loan. For Samon, she has completely paid back her past loan successfully, and it had a positive impact in her household. She and her co-borrower are requesting a loan for 1,000,000 KHR and 1,500,000 KHR, respectively. As a leader, she will spend her entire loan portion to buy fertilizer for her cassava farmland. She hopes to collect a better yield than before.
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