Check out some available loans that are similar to this one!
Ngoun's Group
In this Group: Ngoun, Ley
Ngoun, 62, lives with her husband and four children in a village of Battambang province’s Moung Russey district, Cambodia. To make a living, she and her husband have been farming rice on five-hectare of farmland for almost ten years and her husband supplements family’s income by catching fishes in local area. Together, they can earn about 20,000 KHR per day but they can manage to save about 12,000KHR each day after off-setting daily expenses.

Ngoun has been with Kiva’s partner, VisionFund, for four loan cycles and completely paid back the loans while the other member has been for three loan cycles. With the loans from VisionFund, Ngoun has managed to improve her livelihood. She is now leading her group of two to request another loan of 1,400,000KHR each. As the leader, she is going to use her portion to spend on labor costs in harvesting rice. With this loan, Ngoun hopes to increase her family’s income so as to make 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
  • 109
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngoun's Group's $700 loan helped a member to spend on the labor costs of harvesting rice.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 6, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013