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Leang's Group
In this Group: Leang, Chreb
Leang, 51, is a resident living in a rural area of Kampong Cham province’s Dambae district, Cambodia. She is married and has seven children, two (sons) of whom are school-aged children and still dependent on her. She earns a living for her family by planting cassava and farming rice, businesses in which she has been involved for 31 years.

Leang has been with VisionFund for two loan cycles, with which she succeeded in covering the cost of plowing her rice field and cassava field. Now she is leading her group member, Chhreb, who has been with VisionFund for one loan cycle, to request a loan in the amount of 3,000,000KHR in total. Leang will be utilizing her requested loan portion (2,000,000KHR) to buy fertilizer and plots of farmland. She hopes that, after receiving the loan and efficiently using it, her current businesses will provide her with higher crop yields so that she can boost her income and improve the living standard of 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • 4,031.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Leang's Group's $750 loan helped a member to buy fertilizer and plots of farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 13, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013