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Ly's Group
In this Group: Ly, Lao, Chanthorng
Ly, age 61, lives in a thatched-roof house in a rural village in the Mongkul Borey district of Pursat, Cambodia. Ly is married, and she and her husband have five children. They earn a living through growing rice on one hectare of farmland. They also supplement the family’s income by selling grocery items in the local area. Having been in this business for nearly 20 years, Ly earns about 30,000 KHR per day to meet her family’s needs.

Ly has been with VisionFund for six cycles while the other members have been with VisionFund for three to six cycles. Ly has completely paid back the past loans, which have helped her support her current business.

Now leading her group of three to request a loan, Ly will use her portion to buy fertilizers for her farmland and to buy more grocery items for selling. She hopes to earn more income so as to save some money to buy a prosper motor to help her business be more efficient.

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
  • 165
    View loans »
    Cambodia Loans Fundraising
  • $35,951,550
    Funds lent in using Kiva
  • 4,073.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ly's Group's $650 loan helped a member to buy fertilizers for her farmland and to buy more grocery items for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013