Phat has been with VisionFund (Kiva’s partner) for ages, with a successful repayment of his past five loans. He lives in a better conditions now.
This time he is seeking 1,500,000 KHR, whereas his joint borrower is applying for 1,200,000 KHR.
As a representative of his group, he will spend his loan portion to buy fertilizer, rice seed, and to pay for the reaping fee.
He hopes to collect his yield on time so that he can gain a good income.
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