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Mao's Group
In this Group: Mao, Khunsary
A 55-year-old mother of four children, Mao is local farmer who grows corn and rice in the rural area of Ek Phnom district of the Battambang Province. Her husband also helps, by raising cows and catching fish to sell. She has been involved in this business for 30 years and is able to earn about 34,000 KHR per day and save about 8,400 KHR each day.

Mao's group consists of two members and both are in the second-cycle with VisionFund (Kiva's partner). Her past loan helped her to improve her living conditions.

Now, she leads her group to request a new loan. The total loan amount requested by her group is 1,150,000 KHR. With her loan portion, she is going to buy fertilizer and insecticide for her farmland. She hopes to double her yield and sell with a high price, so she can earn more income for 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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $35,929,100
    Funds lent in using Kiva
  • 3,998.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mao's Group's $300 loan helped a member to buy fertilizer and insecticide.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 10, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013