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Hoeuy's Group
In this Group: Hoeuy, Kim, Hak, Hen, Nem
A rural villager living in the Moung Russey district, Hoeuy is a 55-year-old mother of seven children: six daughters and one son. Out of her seven children, she has one child who is still school. She earns a living through farming rainy-season rice to support her big family. She has been in this primary business for more than 10 years.

Hoeuy has been with Kiva's partner, VisionFund, for four loan cycles already while the other members in the group have been with VisionFund for three to four cycles. She successfully repaid the prior loans, which has enabled her to support her family better. With her current business, she can earn around 18,000 KHR per day. With the need to support her business, she is leading her group of five female members to apply for another loan with VisionFund. As the leader, she is going to use her portion to buy fertilizer and pay for land preparation. She hopes this loan will help her business prosper and she hopes to keep her child in school.

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
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $37,046,750
    Funds lent in using Kiva
  • 4,047.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hoeuy's Group's $1,700 loan helped a member to buy fertilizer and pay for land preparation.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2012
Listed
May 25, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013