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Rorn's Group
In this Group: Rorn, Eng, Chhey, Chanthy
Originally from the rural area of the Tbaung Khmum district of Kampong Cham province, Cambodia, Rorn is a 36-year-old married mother of three children, all of whom are dependent on her and too young for school. To support the family, she has worked in a rubber field for a fee for several years. She can earn about 6,000 KHR per day and save about 2,000 KHR each day after offsetting daily expenses.

Rorn’s group consists of four members who live in the same village and this is the second microloan for Rorn’s group with Kiva’s partner, VisionFund. She successfully paid back the past loan which has helped her to relieve her family’s burden. Now she and her group members are applying for a loan of 1,200,000 KHR each. As the leader, she is going to use her portion to buy a plot of farmland for growing rice. She hopes this loan will enable her to increase and grow her rice successfully so as to improve her family’s standard of living and so she can send her children to school.

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
  • 94
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,017.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rorn's Group's $1,200 loan helped a member to buy a plot of farmland for growing rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013