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Vutha's Group
In this Group: Vutha, Sichan, Soursdey, Taing
Vutha, 39, is a married mother of three children residing in a rural village of Kandal province’s Kandal Stoeng district, Cambodia. To make a living, she has been farming rice for more than twenty years while her husband is a construction worker. Her business earns her about US$10 per day and she manages to save about US$7 each day for future needs.

This is a group loan for Vutha’s group of four members who live in the same village. Vutha is in her second loan cycle cwhile the other members are first-time borrowers with VisionFund. She successfully used the first loan to relieve her family burden and improve her livelihood. Vutha and the other three members are applying for a loan of KHR1,000,000 each. As the leader, she is going to use her portion to buy fertilizer for her farmland. She hopes to increase her crop yields so as to sell them for a larger income to improve her lifestyle.

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
  • $36,585,575
    Funds lent in using Kiva
  • 3,995.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vutha's Group's $1,025 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 16, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013