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Yieng's Group
In this Group: Yieng, Kunthea
Aged 56, Yieng is a married mother of seven children, only one of whom is a dependent and works in a garment factory. Rice farming is the family’s only source of income and she has been in this business for almost twenty three years. The main challenge for her is the flood affecting her rice farming.

Yieng has been with VisionFund for two loan cycles and completely paid back the loans while her group member has been with VisionFund just for this loan cycle. With the loan, she is confident that she will gradually improve her living condition. Now she can earn around 21,000KHR per day. Yieng, who is the leader of the group, will use her portion of the loan, to buy fertilizer for her farmland and use a portion to pay for labor. She hopes this loan will enable her to make more income so as to improve her lifestyle and set aside some money for future needs.

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
  • $36,585,575
    Funds lent in using Kiva
  • 4,044.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yieng's Group's $600 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013