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Mao's Group
In this Group: Mao, Sreypich, Sok Ry
Residing in a rural village located in Mongkul Borey district in Cambodia, Mao is a 29-year-old widow and has two sons. Her daily income is from her business selling groceries and from producing hand-made shampoo which she has been doing for five years.

Mao's group is composed of three female members: this is the fourth loan cycle for Mao with VisionFund (Kiva's partner). She has used her previous loans in a wise manner to maintain her business and her family. Now, she and her co-members are each seeking 1,000,000 KHR. As the group leader, she is going to use her portion to buy additional grocery items to sell. She hopes that she will be able to buy grocery items on time and attract more clients in order to earn more income 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
  • 60
    View loans »
    Cambodia Loans Fundraising
  • $35,062,725
    Funds lent in using Kiva
  • 4,032.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mao's Group's $750 loan helped a member to buy additional grocery items to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013