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Hut's Group
In this Group: Hut, Sinan, Ret
Hut, aged 59, is a farmer mainly in growing rice and living in Sangke district of Battambang province. Besides working on his rice farm, which is his main source of income, he also catches fish which he sells to earn an extra income to support his children. He has eight children in total, seven of whom have their own employment whilst the remaining one daughter is a student. He has been in business for 10 years, earning about 31,000 KHR per day and saving about 10,500 KHR per day after offsetting daily expenses.

This is Hut's fifth loan cycle with VisionFund, Kiva's partner. He has smartly used his previous loans with success in order to obtain better living conditions for his family. Now, he is joining a group consisting of three members to take out a new loan. Hut, as group leader, is going to use his loan portion to pay plowing fees and some part of it to buy a small boat to support his fish-catching business. He hopes this loan will enable him to double his income and expand his business so that he can upgrade his lifestyle.

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
  • 37
    View loans »
    Cambodia Loans Fundraising
  • $38,708,425
    Funds lent in using Kiva
  • 4,057.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hut's Group's $900 loan helped a member to pay for plowing fee and buy a small boat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 16, 2012
Sep 19, 2012
Currency Exchange Loss:
Sep 17, 2013