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Choert's Group
In this Group: Choert, Kea
Choert is 27 years old. She has one dependent daughter. Choert lives in a village in the Moung Russey district of Battambang province. She earns a living through farming rice and selling grocery items in the local area. She has been in this business for several years, currently earning about 30,000 Cambodia riels (KHR) per day and managing to save about 15,000 KHR each day after daily expenses.

Choert’s group consists of two members who live in the same village and she is with VisionFund this cycle. Now Choert is leading her group of two to seek for a loan. As the leader, she will use her portion to buy fertilizer for her farmland and use a portion of it to spend on buying piglets for raising to earn additional income for the family. She hopes to get a high crop yield so as to sell it for a good price to improve her standard of living.

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
  • 326
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 3,999.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Choert's Group's $375 loan helped a member to buy fertilizer for her farmland and buy piglets to raise.
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:
Aug 17, 2013