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Pov's Group
In this Group: Pov, Chea
Pov is 59 years old and lives in a rural area in the Thmor Koul district of Cambodia. She has four children, two of whom (one son and one daughter) are working. She is a farmer with a two-hectare lot. This is her main source of income but she also sometimes works for pay as extra income. She has been with these businesses for five years as a way to support her family. Pov joined VisionFund six loan cycles ago and has successfully paid back her loans to VisionFund. Since 2006, these loans have helped her keep farming and made is possible to buy household comforts for her family. Now, she earns around $8 per day and saves around $2.50 each day. Pov and her loan group member Chea are requesting another loan of KHR 1,400,000 each. As a leader, she will use this loan to buy rice seeds for her farmland. She hopes that this loan will allow her to earn a larger income so she can buy a new motorbike and keep helping her family live better.

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
  • 200
    View loans »
    Cambodia Loans Fundraising
  • $37,037,925
    Funds lent in using Kiva
  • 4,068.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pov's Group's $700 loan helped a member to buy seed for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 6, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012