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Keng's Group
In this Group: Keng, Norn, Soek
Keng, 53, lives in one of the remote areas of the Kror Kor district of Pursat province. She has five children, two of whom are dependents and still in school. To support the family, she and her husband have been farming as their main source of income. To better feed the family, they also raise pigs and make palm juice. They have been with this business for thirty years, and Keng is able to save only 10,000KHR per day for the family needs.
This is the first loan for Keng with Kiva’s partner, VisionFund. She is now leading her group of three to request a loan. As the leader, she is going to use her portion to buy fertilizers and pesticides for her farmland and use a portion of it to spend on renovating her old house. She hopes this loan will enable her to get a high yield from her paddy-field and also hopes to get a proper house for 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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,068,675
    Funds lent in using Kiva
  • 4,040.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Keng's Group's $750 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 27, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013