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Khom's Group
In this Group: Khom, Seam
A Khom is 58 years old and is a mother with five children, three of whom help with the family business. She lives in a rural area of the Bakan district located in Pursat province, Cambodia. To provide for their family's daily needs, Khom and her husband grow paddy rice as their primary source of income. To better feed her household, the couple also catch fishes and eels to sell for extra income. Khom has run these businesses for about 30 years, and her efforts earn her about 24,000 KHR per day.

Khom is requesting her first loan with the Kiva partner has VisionFund along with her loan group co-member. She and her partner are requesting a loan of 2,000,000KHR each. As a group leader, Khom will use her portion of this group loan to buy materials for her fishing business such as materials (line, pole, and hook), fish trap, and cast net. Via her use of this loan portion, Khom hopes to catch more fish and increase her income.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,122,200
    Funds lent in using Kiva
  • 4,017.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khom's Group's $1,000 loan helped a member to buy fishing supplies such as line, poles, hooks, traps, and nets.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013