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Eang's Group
In this Group: Eang, Tho, Sok Choeun
Eang is 47 years old, married, has four children and leads a three-member loan group. For the last 20 years, she has made a living as a farmer who grows vegetables. Eang and the members of her group have been with VisionFund since 2006. She is applying for a loan to buy rice seeds and fertilizer for her farmland. With this loan, she hopes to increase crop yields and earn enough income for her family to have sufficient food to eat and also set aside money for future expenses.

Additional Information

About VisionFund Cambodia

VisionFund 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.

About Cambodia

  • $2,600
    Average annual income
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,085.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Eang's Group's $750 loan helped a member to buy rice seeds and fertilizer for her farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012