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Mok's Group
In this Group: Mok, Kea, Sareth
Mok is a rural villager from the Moung Russey district of Battambang Province. He has three children to care for; one is a schoolboy, and the other two are too young for school. To support the entire household, he and his wife grow paddy rice on two hectares and sesame on one hectare of farmland. This is the business that he has been in for ten years, and he is able to earn up to 19,700 KHR per day. This is his third loan cycle with VisionFund, Kiva’s partner. The past loans, which he has repaid, have changed his living conditions at a good pace and improved his family’s livelihood. Now he is in need of working capital for his business. He has formed a group of three borrowers to apply for a new loan. He and one of his co-borrowers are seeking 1,200,000 KHR each, while the other group member is seeking 1,000,000 KHR. He is going to spend his loan portion, as the leader, to pay harvesting fees and buy rice seed and fertilizer to replant his paddy for the upcoming season. He keenly hopes that he can have sufficient capital to pay the labor costs to harvest on time and increase his yield, so he can double his income and improve his 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mok's Group's $850 loan helped a member to pay harvesting fees and buy rice seed and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 25, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013