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Kimyan's Group
In this Group: Kimyan, Khoeurn, Som
Kimyan is the breadwinner of a family of eight kids, five of whom are still his responsibility as they are still in school. He is 61 years old and lives in one of the remote areas of Dambae district, Cambodia. To earn a living for this big family, he grows rice on one hectare of land and plants cassava on two hectares of farmland. He has been with these businesses for 15 years.

This is the first loan for Kimyan as well as his group, which consists of three members. They are requesting a loan of 1,000,000 KHR each. As the group leader, he will use his loan portion to buy fertilizers for his cassava field and to buy rubber plants to generate additional income in the future. He hopes to earn more income in order to improve his living conditions.

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
  • 305
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 4,049.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kimyan's Group's $750 loan helped a member to buy fertilizers for his cassava field and to buy rubber plants to generate additional income in the future.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 16, 2012
Currency Exchange Loss:
Possible
Ended:
May 18, 2013