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Don's Group
In this Group: Don, Mara
Don is 59 years old and a married father who has been blessed with eight children, two of whom are dependent on him and still in school. He resides in a rural area of the Moung Russey district of Battambang province, Cambodia. To support the family, he has been working as a rice farmer for thirty years. Besides rice farming, he also grows sesame on a 6-hectare area of farmland. Don can earn from his current business approximately KHR 50,000 per day and manages to save about KHR 30,000 each day after offsetting daily expenses. Insufficient working capital is the main challenge for him to support his paddy-field.

Don has been a member of Kiva’s partner, VisionFund, for one cycle. The past loan, which he successfully paid back, has relieved his family’s burden and improved his livelihood. Now he is leading his group of two to apply for a loan of KHR 1,200,000 each. As the leader, Don will use his portion to buy fertilizers and pesticides for his farmland. He hopes to grow his business and earn a larger income to improve his 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
  • 260
    View loans »
    Cambodia Loans Fundraising
  • $37,524,925
    Funds lent in using Kiva
  • 4,032.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Don's Group's $600 loan helped a member to buy fertilizers and pesticides for his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 18, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013