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Pey's Group
In this Group: Pey, Chea
Pey, 34, is married and living with her family in a village of the Moung Russey district of Battambang province, Cambodia. She has three children, all of whom are dependent on her and still in school. For the last eight years, Pey and her husband have been farming rice on a four-hectare farmland as the main source of the family’s income to make a living. Together, they can earn about 26,000 KHR per day from the current business to meet the family’s need.

Pey’s group consists of two members and she is in the first cycle with VisionFund. They are now requesting a loan with VisionFund of 1,000,000KHR each. Pey, who is the leader, will use her portion to buy fertilizer, rice seeds and pesticides for her farmland. She hopes to get a high yield from her farming business so as to sell for a good price.

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
  • 176
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pey's Group's $500 loan helped a member to buy fertilizer, rice seeds and pesticides for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 13, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013