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Kimcheng's Group
In this Group: Kimcheng, Sopheap
Kimcheng, 30, lives in one of the remote areas of the Kror Kor district of Pursat province. She has three dependent children, two daughters and one son, who is still in school. To support her family, she has been selling grocery items as the main source of income. To better feed the family, her husband also works as a paid worker in local area. She has been in this businesses for two years, and she is able to save only KHR 10,000 per day.

This is the first microloan for Kimcheng’s group of two with VisionFund. She is now leading her group to request a loan of KHR 1,000,000 each. As the leader, she is going to use her portion to buy more grocery items for resale such as salt, eggs, sugar etc. She hopes to earn more income from the current business so as to make a better living and keep her children in school.

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
  • 185
    View loans »
    Cambodia Loans Fundraising
  • $35,963,325
    Funds lent in using Kiva
  • 4,023.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kimcheng's Group's $500 loan helped a member to buy more grocery items for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013