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Mom's Group
In this Group: Mom, Sakhorn
Living in a rural village located in Kampong Cham province’s Ou Reang Ov district, Mom is 27 and married with three children. For the last four years, she and her husband have been farming rice and operating a battery charging service in the local area as the primary business for her family. The current business earns her about 39,000 KHR per day after daily expenses.

Mom is in her first cycle as a client with VisionFund. Now she is leading her group of two to ask for loan. As the leader, she is going to use her portion to pay for labor costs to harvest rice. She hopes to increase her crop yield 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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,003.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mom's Group's $175 loan helped a member to pay for labor costs to harvest rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013