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Chheng's Group
In this Group: Chheng, Sreymao
A widow in a rural area of the Dambae district, Chheng is the 43-year-old mother of three sons who are still in school. She has struggled in her life to feed her sons through planting cassava on a half hectare of farmland. Sometimes, she also works for others for pay to gain extra income to feed her family. She has been in this business for more than ten years. The main challenge for her family business is the low price of cassava products which really affects her earning to support her family, especially her children's education. With her current business, she can earn only around 8,300 KHR per day and save only around 3,000 KHR each day.

This is Chheng's first group loan with Kiva's partner, VisionFund and her group consists of two female members. She is now leading her group to apply for a loan with VisionFund. As the leader, she is going to use her portion to spend for land preparation for her business. She hopes to earn more income with this loan so as to keep building up some savings for her children.

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
  • 218
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,007.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chheng's Group's $175 loan helped a member to spend for land preparation for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013