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Eak's Group
In this Group: Eak, Sorng
A mother of two schoolchildren and four paid workers, Eak is 50 years old and a rural villager from Thmor Koul district of Battambang Province,Cambodia. For her family's sake, she and her husband grow rice on their one hectare plot. Eak has been in this business for 30 years. Eak is the leader of a group of two and she is in her fourth cycle of loans while her fellow group member is in the twelfth loan cycle. After the most recent loan which has been completely paid back, she feel very satisfied and empowered. It has provided her a decent income for a proper daily food. Now, she and her additional group member are applying for a loan in the amount of 1,000,000 KHR each. As the leader, she is going to use her portion to buy fertilizer, insecticide for her crop, and use a portion of it to cover her children's education. She hopes to earn more income from her current business so she can continue to keep her standard of living better than before.

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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $36,192,875
    Funds lent in using Kiva
  • 4,027.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Eak's Group's $500 loan helped a member to buy fertilizer for farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 21, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013