This is the second loan cycle for Phallat and the first for her co-borrower. Phallat has completely repaid her previous loan. Now, in this group of two, they are applying for a loan of 1,150,000 riels. As the group leader, Phallat will use her share of the loan to buy fertilizer and gasoline to use on her rice farm. She hopes that the loan will help to uplift the living conditions of 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