This is the first cycle for her group to get a new loan from Kiva’s partner, VisionFund. The whole group requests a loan with a total amount of 3,500,000 KHR of which 800,000 KHR is Naren’s portion. She plans to use the loan to buy fertilizer and pay for labour fees for her rice crop farm and cassava plantation. She optimistically hopes that the loan will enable her to increases her income to better support her family.
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