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Chhean's Group
In this Group: Chhean, Voern, Vin
Chhean lives in a rural area in the Sampov Meas district of Pursat province, Cambodia. She is a 60-year-old widowed mother of one child. She has farmed rice on three-hectares of farmland for 30 years. Having been in this business for 30 years, she is able to earn around 40,000 KHR per day and manages to save about 30,000 KHR each day after offsetting daily expenses. Drought is the main challenge for her paddy-field business.

Chhean’s group consists of three members who live in the same village. This is the fifth loan for her and one of her co-members with Kiva's partner VisionFund and the third loan for a remaining fellow group member. She completely paid back the past loans, which have helped her to increase the income from her current business. Now she is leading her group to request a loan. Chhean, who is the leader, will use her portion to buy fertilizer for her farmland. She hopes this loan will enable her to grow her rice more fruitfully and sell it for a high price so she can save some money to build a decent kitchen.

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
  • 203
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chhean's Group's $575 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013