This is the first loan for Sokchea with VisionFund (Kiva’s partner). Now she is in a group of two, applying for a new loan, and she is the group leader. Sokchea will spend her loan portion on plowing fee, potash fertilizer, and buying rice seed. She hopes that this purchase will enable her to grow her crop seasonably and earn a good income, to expand her business.
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