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Vath's Group
In this Group: Vath, Chhuoy
Vath, 49, is the breadwinner of her household. She has six children in total, five of whom still count on her as two are still in school while the rest are working for others with a minimal income.

To earn a living, Vath has been farming on two hectares of farmland for approximately 15 years. Vath has never been with VisionFund before. Now, she has formed a group loan with another member in order to request a new loan; her requested loan is KHR 1,000,000 while the other member is applying for KHR 1,200,000. As the group leader, Vath will use her loan to buy seed and fertilizer for dry season rice farming. She hopes to grow the rice healthfully and earn more income than before.

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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,008.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vath's Group's $550 loan helped a member to buy seeds and fertilizer for dry season rice farming.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 22, 2012
Listed
Apr 3, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013