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Vansoeung's Group
In this Group: Vansoeung, Chansy, Kong
Vansoeung, a permanent resident from Pursat province's Kror Kor district, is 30 years old and a mother of two young children. On two hectare of farmland where her rice is growing, she is able to earn about 17,700 KHR per day. She has been involved in this business for ten years. Including this cycle, she is a third-time borrower from VisionFund. After the successful loan which she has paid back, she feels confident that she can upgrade her living conditions better than before. Now, she joins a group of three as a leader. With her loan portion, she is going to buy fertilizer for her farm. She hopes to grow her rice soon and receive high output.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,561,025
    Funds lent in using Kiva
  • 4,028.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vansoeung's Group's $475 loan helped a member to buy fertilizer for her rice farm.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 5, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013