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Suy's Group
In this Group: Suy, Chuch
A resident of Kampong Cham province’s Tbaung Khmum district, Suy is 25 years old and married. He has one little son who is still too young for schooling. For the last five years, Suy and his wife have planted cassava as their main source of income, and he sometimes works on a rubber plantation to earn additional income. The current business earns him about KHR 18,000 per day, of which he manages to save about KHR 10,000 each day for future needs.

Suy and his co-borrower live in the same village. Suy is a second-time borrower while his group member is a first-time borrower with VisionFund. The first loan helped Suy relieve his family's financial burdens. He and his group member are applying for a loan of KHR 1,000,000 each. Suy will use his portion of the loan to pay for labor to harvest his cassava crops. This loan will allow him to have a timely harvest, which he hopes will enable him to earn a better 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • 3,995.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Suy's Group's $525 loan helped a member to pay for labor to harvest his cassava crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 16, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013