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Leang's Group
In this Group: Leang, Hon
Leang is 51 years old and lives in Kompong Cham province in the Ponhea Krek district of Cambodia, She is married and the mother of six children, three of whom are still dependent on her. To offer a decent life to her family, Leang has been growing rice and cassava for more than 20 years. She has also earned extra money on the side by working at various jobs. She leads a two-person loan group whose members are applying for their fourth loans from VisionFund (Kiva's partner). Each member of this group is requesting a loan for 1,000,000 KHR. Leang will use her portion of this loan to hire people to work on her farm and pay for transportation costs. Her goal for the future is to buy more farmland so that she can increase her productivity as well as profits.

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
  • 312
    View loans »
    Cambodia Loans Fundraising
  • $37,561,025
    Funds lent in using Kiva
  • 4,044.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Leang's Group's $500 loan helped a member to hire laborers to work on a farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 4, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013