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Eng's Group
In this Group: Eng , Ean, Em
Eng lives in a rural village of the Moung Russey district of Battambang province, Cambodia. She is a 29-year-old mother of two dependent children, both of whom are too young to attend school. To support the family, she has been cultivating rice on a 4.5-hectare area of farmland for five years. For extra income, her husband uses his spare time to work for others for a fee. The current business earns her around 17,000 KHR per day and she manages to save about 10,000 KHR each day after offsetting daily expenses. Drought is the main challenge for her rice-paddy.

Eng’s group consists of three female members-- all are the first-time borrowers with Kiva's partner; Eng is leading this group to apply for a loan in amount of 1,000,000 KHR each. She is going to use a portion to buy fertilizer and pesticides for her farmland and use a portion of it to spend on labor fees. She hopes her crop yield will become more profitable so as to improve her standard of living’s condition.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,101,350
    Funds lent in using Kiva
  • 4,059.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Eng's Group's $750 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 27, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013