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Ron's Group
In this Group: Ron, Phat
Residing in a rural area of Moung Russey district in Battambang province, Cambodia, Ron is a 58-year-old married woman with three children. Ron earns her living by farming rice, a business in which she has been involved for more than 25 years. She earns about 15,000 KHR per day and manages to save around 10,000 KHR after deducting her daily cost of living.

Ron, a first-time borrower with VisionFund (Kiva’s partner), is leading a group member who is also a first-time borrower, to take out a loan in the amount of 600,000 KHR and 1,000,000 KHR respectively. Ron will use her first-time requested loan portion to buy fertilizer and pesticide to support her farmland. This industrious woman would love to dedicate all of the efforts that she has put into her work into moving her family ahead.

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
  • 246
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 3,999.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ron's Group's $425 loan helped a member to buy fertilizer and pesticide.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 21, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013