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Lorm's Group
In this Group: Lorm, Thorn, Kimeng
Lorm is 45 years old and living in a rural village of the Mongkol Borey district in Cambodia. She has five children, two of whom are dependent on her. She has farmed rice to support her family for 17 years, and she also works to supplement her income as a vegetable seller as well as sometimes working for others for a fee. She earns about 30,000 Cambodian riels (KHR) per day from the current business and manages to save about KHR10,000 each day after deducting daily expenses.

This is Lorm’s fourth loan with VisionFund. The past loans have relieved her family’s financial burden. She is now leading her group of three members, who are all females, to apply for a loan with VisionFund of KHR 1,000,000 each. As the leader, she is going to use her portion to buy fertilizers for her farmland and more various kinds of vegetables for selling. For expanding her field business, Lorm wants to buy two more hectares of farmland in order to generate income for her family. She hopes this loan will help her business become more profitable and also hopes to earn a larger income to improve her family's 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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,012,675
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lorm's Group's $750 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 9, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013