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Channy's Group
In this Group: Channy, Kunthea
As a parents of three, Channy and her husband have been growing cassava to support the family for four years. Channy is 29 years old and a villager in the Dambae District, where a common business is growing cassava.

Channy obtained her first loan from VisionFund in 2011. Having completely paid her previous two loans, Channy is now leading another female member of her group to apply for another loan. She plans to use her portion to spend on land plowing and labor. Channy hopes that this loan will help her to make more income so that she can feed her family better.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Channy's Group's $250 loan helped a member to spend on land plowing and labor.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 25, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013