This is the second microloan for Sreypov and her co-borrower with VisionFund (Kiva’s partner). She has repaid back her past loan with success and it has enabled her to improve her lifestyle at a gradual pace. For this cycle, she leads a group of two to get a new loan. For Sreypov, she will spend her loan portion to pay a plowing fee and to pay for labor costs. She optimistically hopes that the loan will allow her to earn a higher income and pave a way for her to uplift her family living conditions and provide her children with sufficient basic needs.
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