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Nimol's Group
In this Group: Nimol, Ny, Pov, Samna, Vy
Nimol is 24 years old and a citizen in a rural area of the Moung Russey district of Battambang province, Cambodia. She has one daughter who is dependent on her and too young for schooling. To tackle the financial difficulty, Nimol and her husband have done rice-cropping on six hectares of farmland for several years as the main source of their famiily's income. To increase their income, this couple also runs a small grocery store at home. Both businesses have provided her about 20,000 KHR per day. She has saved about 14,000 KHR each day after daily expenses. However, a lack of water supply is still the main challenge for her paddy business.

Nimol’s group consists of five members who live in the same village. She and two of her fellow group members are in their second-cycle microloan, while the remaining two members are first-time borrowers with Kiva’s partner, VisionFund. Nimol feels empowered that she can relieve her family's burden and improve their livelihood after the past loans were paid back with success. Now she is leading her group to seek a loan. Nimol, who is the leader, will use her portion to buy fertilizer for her farmland and split a portion of it to buy more grocery items for reselling. She hopes her crop yield will become more productive and profitable so as to make a better living for her family.

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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,179,850
    Funds lent in using Kiva
  • 4,059.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nimol's Group's $1,175 loan helped a member to buy fertilizer 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:
Mar 15, 2013