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Rey's Group
In this Group: Rey, Soern
Rey is age 27 and married with one dependent daughter, who is still under school age. Her family lives in a rural area of the Phnom Kror Vanh District of Pursat Province, Cambodia. To make a living, Rey has been farming rice for six years, and her husband also contributes income by working for others for a fee in the local area. The current business earns her approximately 11,000 KHR per day, and she manages to save about 4,000 KHR each day after offsetting daily expenses. Insufficient fertilizer to support her rice paddy is the main challenge.

This is the first microloan for Rey’s group with Kiva’s partner, VisionFund. She is now leading her group of two members to apply for a loan. As the leader, Rey will use her portion of the loan for fertilizer for her farmland and labor costs to plow the field. She hopes this loan will enable her to increase her crop yield so as to make a better living .

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
  • 322
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,032.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rey's Group's $400 loan helped a member to buy fertilizer for her farmland and to pay for plowing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 6, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013