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Iy's Group
In this Group: Iy, Kolab
Iy is 33 years old and has four children. She makes a living rice farming on seven hectares of farmland in the Moung Russey district of Battambang Province, Cambodia, which she has been doing for 10 years. She earns about 24,000 KHR per day.

In the group of two, Iy is the leader; she and her co-member just joined this cycle with Kiva's partner. They are requesting loans for the same loan for 1,000,000 KHR each. Iy will use her portion of the loan to buy fertilizer for her farmland. She hopes to earn more income from her current business.

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
  • 73
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,027.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Iy's Group's $500 loan helped a member to purchase fertilizer for her 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:
Jan 15, 2013