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Phon's Group
In this Group: Phon, Soknim, Ya, Sophan, Nan
Phon, 45, is a villager living in Kampong Cham Province’s Prey Chhor district of Cambodia. She is married and has three children. Phon and her husband earn income for the family by working as rice farmers. Together, they earn approximately KHR 23,000 per day and save around KHR 8,500 after deducting the daily cost of living. This will be Phon’s third loan from Kiva’s partner VisionFund. The help that she has already received in the form of past loans has been crucial for her to improve the living conditions of her family. Now she is leading a group of five women to apply for a new loan. Phon will spend her portion of the requested loan mainly on fertilizer and pesticide. This hard-working woman also wants to run a new business growing cabbages and cucumbers. She will spend a portion of her loan on buying cabbage and cucumber seeds. Her only hope in the future is to run her business smoothly so that she can boost her income and better support her family.

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
  • 220
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,044.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phon's Group's $775 loan helped a member to buy fertilizer and pesticide.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013