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Leat's Group
In this Group: Leat, Luot
Leat is 32 years old and married. She has two dependent children who are still in school. Cassava planting is her single main source of family’s income to make a living in a village of Dambae district of Cambodia. She has been in this business for several years. The main challenge for her family’s business is the drop in cassava’s price which affected her family’s income.

Leat is on her second loan with VisionFund while the other member of the group is just with VisionFund this loan cycle. Leat completely paid back the first loan, which has helped her afford to buy household necessities. With her current business, she can earn around 16,000 KHR per day. With a good business, she is leading her group to apply for a loan of 500,000 KHR each. As the leader, she wants to use her portion to buy fertilizers for farmland and use a portion of it to spend for land preparation. She hopes this loan will make her business prosper and she also hopes to keep her children 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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Leat's Group's $250 loan helped a member to buy fertilizers for farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 18, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013