Rice farming is the main source of her family's income. She and her husband have been in this business for almost 33 years to make a living. With her current business, she can earn about KHR 8,000 per day and save about KHR 3,000 each day for future needs. Her main challenge for her business is the lack of working capital.
This is Yi's group of four with VisionFund. She has been a member of VisionFund for one cycle already while the others have been with VisionFund from one to two cycles. The past loan from VisionFund have helped her support her business. After successful loan repayment, she is now leading her group to apply for another loan.
She will use her portion to buy fertilizers for her farmland and to buy basic household necessities. She hopes to grow her rice fruitfully and healthily and also hopes to make a better living.
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
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid