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Neng's Group
In this Group: Neng, Chayy
A resident from a rural village of the Sa Ang district, Kandal province, Neng is a 56-year-old, widowed father of two children. The main source of the family’s income is planting vegetables. He has been in this business for 36 years. With the current business, Neng can earn about KHR 20,000 per day and manages to save about KHR 14,000 each day. Insect has ruined his crop yield is still the main challenge for him.

Neng has been with VisionFund for four loan cycles and completely paid back the past loans. The other group member has been with VisionFund for three cycles. Now, Neng is leading his group of two, to request another loan of KHR 1,000,000, each. As the leader, he wants to use his portion to buy fertilizer and pesticides for his farmland. He hopes to grow his vegetables healthfully and fruitfully, so as to sell them 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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,071,300
    Funds lent in using Kiva
  • 3,995.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Neng's Group's $525 loan helped a member to buy fertilizer and pesticides for his 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:
Dec 17, 2013