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Nork's Group
In this Group: Nork, Soert, Thorn
Nork is a 33-year-old married mother who lives with her husband and two children, residing in a rural area of the Moung Russey district of Battambang province, Cambodia. All of her children are still in school. To support a family, Nork has been growing rice and pineapples while her husband works as a paid worker in the local area. Her family daily income is approximately 14,000 KHR per day and she can manage to save about 9,000 KHR each day after offsetting daily expenses.

Nork has been a member of VisionFund for one cycle already. The previous loan, which she repaid, has supported her family with enough food. Now she is leading her group of three to ask for a loan. As the leader, she is going to use her portion to buy fertilizers for her farmland. She hopes this loan will enable her to grow her rice timely and healthfully so as to fulfill her dream to have a decent house for living in.

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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nork's Group's $650 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013