This is the second loan for Neang with VisionFund (Kiva’s partner). She can afford to provide three decent meals for her kids and to build a decent house for her family from the original loan which she has fully repaid back. Now, she leads a group of three to apply for a new loan.
She is seeking 1,200,000 KHR while her other two members are seeking 1,400,000 KHR each. As the leader, she will spend her loan portion to buy more latex to resell. She hopes to increase her income so as to upgrade her lifestyle.
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