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Mon's Group
In this Group: Mon, Savon
Mon, 42, is a married mother of five children residing in a rural village of Battambang province’s Ek Phnom district, Cambodia. Out of her five children, she still has one child in school. To make a living, she has been selling fish while her husband catches fish.

This is a group loan for Mon’s group of two members who live in the same village. Mon is in her fourth loan cycle with VisionFund. She successfully used the past loans to relieve her family's economic burden and improve her livelihood. Mon and the other member are applying for a loan of KHR 1,000,000 each. Mon, the leader, is going to use her portion to buy fish to resell. She hopes this loan will enable her to earn more income from her current business so as to improve her standard of living and keep her child in school.

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
  • $36,592,775
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mon's Group's $500 loan helped a member to buy fish for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014