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Neang's Group
In this Group: Neang, Mom
Neang is 31 years old and married. She has three sons, all of whom are students. She has been making Khmer snacks for sale to support her family.

Neang's group consists of two members. Each is receiving their second loan from VisionFund after their first loans had been completely paid.

As the leader, Neang used her portion to expand her business so as to make more Khmer snacks for sale. Through this loan, Neang hopes to make more income by selling the food she makes so that she has enough money for her children's school fees.

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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,093.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Neang's Group's $550 loan helped a member to make Khmer snacks for sale and expand her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 13, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013