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Lim's Group
In this Group: Lim, Chhunlang
A 43-year-old, Lim is married and the mother of two children. One, a son, is dependent on her and attends school. Lim and her family live in a rural area of Dambae district, which is located in Kampong Cham Province, Cambodia. Lim earns a living for her family by planting cassava and rice, the business in which she has been involved for 20 years. Each day, she is able to earn approximately 14,000 KHR. After offsetting the daily costs of living, she saves around 7,500 KHR. Lim is a second-time borrower from VisionFund (Kiva’s partner). Her first loan enabled her to stabilize the finances of her family. Now Lim is in need of money to buy fertilizer and to pay labor costs. She is leading a group of two women to take out a loan in the total amount of 2,600,000 KHR. Lim is highly confident that, with the help of her portion of the loan (1,200,000 KHR), her business will provide good yields, so that she can increase her income and set aside some portion of the anticipated income to build her dream house.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,036.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lim's Group's $650 loan helped a member to buy fertilizer and pay labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013