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Heang's Group
In this Group: Heang, Hurn, Saem
Originally from a rural area of the Ou Reang Ov district of Kampong Cham province, Cambodia, Heang is a 63-year-old widower. He is the father of one son who works as a phone repairer to make a living.

Rice farming has been the only source for earning a living and for his family’s income for forty years. The main challenge is the lack of water supply for the crop yields in his business.

Heang is the group leader of three members who live in the same village. Now he is leading his group to apply for the first microloan with Kiva’s partner, VisionFund.

As the group leader, he is going to use his portion to buy fertilizers for his farmland and use a portion of it to buy materials for his son’s business. He hopes this loan will enable his family to make more income to improve their standard of living.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,102.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Heang's Group's $625 loan helped a member to buy fertilizers for his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 15, 2012
Listed
Jul 15, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013