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Leang's Group
In this Group: Leang, Rethnoy, Eng
Leang is a 35-year-old married mother of two daughters, both of whom are dependents and still in school. She lives in a rural area located in the Prey Chhor district of Kampong Cham Province, Cambodia. Leang has been a rice farmer for several years and supplements her family’s income by planting beans. She is able to earn about KHR 25,000 per day and manages to save about KHR 8,000 each day after daily expenses. The main challenge to her business is low crop yields caused by insects.

Leang’s group consists of three members who live in the same village. This is the first loan of all members in the group with Kiva’s partner, VisionFund. She and her group members are applying for a loan of KHR 1,000,000 each. Leang, the group leader, is going to use her portion to buy fertilizer for her farm and pay for laborers. She hopes this loan will enable her to earn more income and also hopes to expand her current business 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
  • 102
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,068.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Leang's Group's $750 loan helped a member to buy fertilizer for her farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 1, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013