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Hing's Group
In this Group: Hing , Sokrorn, Soknit
Hing, 42, is married with eight children residing in a rural village of the Kror Kor district of Pursat province. Three of her children are dependents and still in school. To support the family, she and her husband has been weaving a mats. Together, they can earn about KHR40, 000 per day to meet the family needs.
Hing has been with VisionFund for three cycles while the other members are with VisionFund for the first time. Hing completely paid back the previous loans with VisionFund and successfully used the loans to better support her family with enough food. She and her group members are applying for a loan. As the leader, she will use her portion to buy materials for her weaving business. She hopes to earn more income from the current business so as to improve her living conditions.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,126,800
    Funds lent in using Kiva
  • 3,990.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hing's Group's $575 loan helped a member to buy materials for her weaving business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 14, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013