Ny, who has previously taken out six loans, has formed a group of two with a fourth-time borrower in order to obtain a new loan from VisionFund (Kiva’s partner). She has fully repaid her previous loans and her living conditions are getting better. As a leader, she will spend her entire loan portion to buy insecticide, to pay the fee for hired labor, to pay the reaping cost and to buy cassava seedlings for her crop.
She believes that she can gain a good yield, increasing her harvest over previous ones.
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