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Bol's Group
In this Group: Bol , Hoeurn, Thorn, Hour
Bol, aged 25, is a resident from a rural area of the Sampov Meas district of Pursat province, Cambodia. She has been rice farming on two hectares of farmland for several years to earn a living. She can earn about KHR 10,000 per day from the current business. Drought is the main challenge for her paddy-field business.

Bol’s group consists of four members who are all female and live in the same village. She leads the group which is applying for another microloan with Kiva’s partner, VisionFund. The first loan has helped Bol to relieve her family’s burden. As the leader, she is going to use her portion to buy fertilizers for her farmland and will use a portion of it to pay labor costs. Bol hopes to increase her income so she can fulfill her dream of running a new business in order to improve her 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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,063.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bol's Group's $825 loan helped a member to buy fertilizers for her farmland and to pay for labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013