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Yeng's Group
In this Group: Yeng, Vuth
Yeng, aged 55, is a mother of six children who lives in a rural village of Dambae district of Cambodia. Four of them (two daughters and two sons) are dependent on her and still in school. She is a peasant who has been farming cassava on 1.5 hectares of farmland as a primary source of income for eight years and she supplements her income by raising pig on the side. The main challenge for her family’s business is the death of pigs and the drop of the price of cassava.

This is the second loan for Yeng’s group of two members who live in the same village. The first loan helped her increase her pigs. With her current business, she is able to earn 23,000 KHR per day. With a good business, she is leading her group to apply for a loan. As the leader, she wants to use her portion to buy more piglets and use a portion of it to spend for her cassava plantation. This loan will enable her to expand her family’s business and she hopes to make a living better and 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
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $37,046,750
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeng's Group's $325 loan helped a member to buy more piglets and to spend for her cassava plantation.
100% repaid
Repayment Term
12 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