This is the second cycle for him with VisionFund (Kiva’s partner). He has fully repaid back his past loan and his living conditions are getting better.
He forms a group of two to get a new loan of 1,000,000 KHR each. As the leader, he will spend his entire loan portion to buy fertilizer and rice seeds for replanting season. He highly believes that he can gain a good yield, that will surpass past years.
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