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Rim's Group
In this Group: Rim, Phearum, Sokim, Sinich
Rim is age 44 and married. She lives in a rural area located in the Moung Russey district of Battambang province, Cambodia. She has six children. Three of her children depend on her and are in school. Rim and her husband have been involved in rice farming and sesame planting to earn a living for 23 years. The current business earns them about 22,000 Cambodian riels (KHR) per day to meet the family’s needs, and she can manage to save about 12,000 KHR per day. The main challenge for her business the lack of working capital to buy fertilizer for applying to her paddy-field.

This is the third loan for Rim with Kiva partner VisionFund. The past loan has helped her with a better living. She is leading her group of four to request another loan. Rim, who is the leader, will use her portion to buy fertilizers and pesticides for her farmland. She hopes this loan will enable her to make more income from her current business so as to achieve a standard lifestyle 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
  • 102
    View loans »
    Cambodia Loans Fundraising
  • $35,470,050
    Funds lent in using Kiva
  • 4,002.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rim's Group's $1,050 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 22, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013