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Pov's Group
In this Group: Pov, Chenda
Pov, a 43-year-old married mother of three girls, is now the leader of a loan group of two female members who live in a rural area of Kompong Cham province. Pov, after completely repaying her first loan, has requested another loan from VisionFund to buy fertilizers and rice seeds and to cultivate her rice farmland. With this loan, she hopes to increase her crop yield and therefore earn more income to expand her business, build on some savings and build a proper house for the family. Before the loan from VisionFund, Pov’s business usually met difficulties such as natural disasters and insufficient investment.

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
  • 197
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 3,990.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pov's Group's $625 loan helped a member to buy fertilizers and rice seeds and to cultivate rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 21, 2012
Listed
Apr 14, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013