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Apr 21, 2017 12:56 PM ET

Cambodia: Vy Group : A loan of $875 helps a member to grow more lotuses.

iCrowdNewswire - Apr 21, 2017

Vy Group

Cambodia
 
 
Borrower image
 

A loan of $875 helps a member to grow more lotuses.

Vy Group’s story

This is a group of two members represented by Vy, who is appears on the right of the photo. She is 51 years old, married, and lives with her husband and three children in a village in the Kampong Cham province of Cambodia. Since 1991, she and her husband have been working together on the lotus farm to earn income to support the family’s living. Both of them typically makes around 6 US dollars per day.

She would like to use her loan share to grow more lotuses. She says this investment will allow her to increase her crop yields as well as her family’s profits. With the profits from this season’s harvesting, she is going to enlarge her farm and renovate her house.

In this group: Vy, Nairong

This loan is special because:

It provides low-income rural communities with access to finance and training services. 

Juan
Kiva staff

More about this loan

This loan is aimed at low-income and financially excluded families living in remote areas of Cambodia. As part of their commitment to social performance KREDIT have setup the Vulnerable Services Unit (VSU) to provide financial and educational services to their poorest clients. They offer flexible terms and a wide variety of training services including child protection, health care, agriculture and financial literacy. By supporting this loan you are helping to empower and educate people living in underserved rural communities

About KREDIT Microfinance Institution:

KREDIT Microfinance Institution Plc., is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.

For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.

 

Contact Information:

Vy Group

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