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Kan's Group
In this Group: Kan, Soen
Kan, 46, lives with family members in a rural village of the Kampong Cham province’s Dambae district. She has six children, five of whom are dependents and still in school. The other is a farmer. Kan and her husband earn a living through farming rice and planting cassava, which they both have been in for more than twenty years to make a living. The current business earns her about KHR 29,000 per day and she can save about KHR 17,000 each day for her future needs.

This is the first micro loan for Kan’s group with VisionFund. Now leading her group of two to apply for loans of KHR 1,000,000 each, Kan will use her portion to buy fertilizers for her farmland and use a portion of it for labor costs. She hopes to increase her crop yields and earn more income to improve her standard of 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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $36,216,225
    Funds lent in using Kiva
  • 4,030.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kan's Group's $500 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 15, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013