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Thuch's Group
In this Group: Thuch, Saren
Thuch, 65, is a widow living in the Ek Phnom district of Battambang province. She has five children, but she needs to support only one child currently. To make a living, she has been selling dried fish and smoked fish for 10 years. This is the fourth loan cycle for Thuch with VisionFund. The past three loans that she completely repaid enabled her to gradually improve her living conditions. She has formed a group with another member who has joined VisionFund for the sixth time to apply for this new loan. As the group leader, she will use her portion of the loan to buy more dried fish and smoked fish for sale. With the requested loan, she hopes to earn more income from her current business for her children’s sake.

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
  • 99
    View loans »
    Cambodia Loans Fundraising
  • $35,491,700
    Funds lent in using Kiva
  • 4,099.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Thuch's Group's $650 loan helped a member to buy more dried fish and smoked fish for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013