Noeurn, 51, has a big family of 8 children living in a rural village of Thmor Koul district, Battambang Province. Six of the 8 children still need her support as some of them are still at school while others are paid workers with minimal income. To support this big family, she has been working on one-hectare of farmland, growing rice. She supplements the family's daily needs by selling water. This is the third loan cycle for Noeurn. She leads a group of other two members, one is also on her third loan cycle while another one is a newly joined client. The past two loans have helped Noeurn to save some money for her child's wedding. Now, she is seeking a new loan of 1,000,000 KHR to purchase fertilizer and hire a laborer for plowing. She hopes to gain more crop yield and make a better living.
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.