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Pheap's Group
In this Group: Pheap, Thoun, Dany
Pheap lives in a rural village in the Krokor district of Pursat Province, Cambodia. She is 30 years old and married with six children, five of whom are still in school in the local area. To support her big family, she has been working as a rice farmer on three-hectare farmland for more than ten years, while her husband is a doctor. The current business earns her about 25,000KHR per day to make a living and she can afford to save 15,000KHR each day after expenses. Low crop yield has been a challenge for her business.

This is Pheap’s group loan with Kiva’s partner, VisionFund. She and another member is just a member of VisionFund while the other is the second cycled client. Now she is leading her group of three female members to apply for a loan. Pheap will use her portion to buy fertilizers for her farmland and use a portion of it to spend for land plowing. With this loan, she hopes to make more healthy rice to increase her family’s income to make a better living and be able to afford to buy some household necessities for the family.

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
  • 331
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,062.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pheap's Group's $1,725 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 2, 2012
Listed
Aug 29, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014