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Mena's Group
In this Group: Mena, Saran
Living in a rural area located in the Moung Russey district where crop farming is a common way to make a living, Mena, 25, is a married mother of two children who are too young for school. The sources of her family’s income are from rice farming on a six-hectare area of farmland. Mena and her husband have been in this business for several years. The main challenge for her family’s business is lack of working capital to better support her farmland.
Mena’s group consists of two members who are just with Kiva’s partner, VisionFund, this cycle. She is leading her group to apply for a loan. Mena will use her portion to buy pesticides and fertilizers for her farmland. With this loan, she hopes to increase her crop yields so as to earn more income to improve her family’s lifestyle.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,036.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mena's Group's $375 loan helped a member to buy pesticides and fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013