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Mab's Group
In this Group: Mab, Navy
Mab, 43, is living in the rural area of Sangke district, Cambodia. He is a father of three dependent children who are students. To support their family, Mab and his wife have been selling dried fish and raising pigs for 24 years. He is able to earn about KHR 20,000 per day from his current businesses.

Mab has been with VisionFund for one cycle and completely paid back the past loan while the other member of his group is a newly joined client for this cycle. He is leading this group to apply for a loan of KHR 900,000 each. He, the group leader, is going to use his portion to buy more piglets to raise and fish for making dried fish for sale. With this loan, Mab hopes to earn more income to allow his family to live in a better lifestyle and keep the children in school.

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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,102.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mab's Group's $450 loan helped a member to buy more piglets and fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013