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Chita's Group
In this Group: Chita, Kleng
Chita is 33 years old and married with seven dependent children, all of whom are still in school. She and her husband have worked very hard for ten years to support their big family by farming rice and working as paid workers in the local area. The current business earns them about KHR 36,000 per day and they manage to save about KHR 20,000 each day after expenses. The main challenge for her farming business is drought.

Chita’s group consists of two members who have been with VisionFund for two cycles and completely paid back the past loans which have helped her better support her current business. Now she is leading her group to request another loan of KHR2,000,000 each. Chita, who is the leader, will use her portion to buy fertilizers for her farmland. She hopes to grow her rice healthfully and in a timely way so as to sell it for a good price to improve her standard of 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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 3,998.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chita's Group's $1,025 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 9, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014