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Kong's Group
In this Group: Kong , Sak
A citizen from a rural area located in the Moung Russey District where rice farming is a common way to earn a living, Kong is aged 27 years and married with four children, all of whom are dependent on her and still in school. She and her husband have struggled to feed their family by farming rice and planting sesame for several years. The current business earns her approximately 16,000 KHR per day.

Kong’s group consists of two members, and she is in her second micro loan with Kiva partner, VisionFund. She fully paid back the past loans, which have helped her better support her family. Now she is leading her group to request another loan. As the leader, she is going to use her portion to buy fertilizer and pesticides for her farmland. She hopes to grow her rice and sesame healthfully 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
  • 268
    View loans »
    Cambodia Loans Fundraising
  • $37,510,725
    Funds lent in using Kiva
  • 4,003.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kong's Group's $450 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 19, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013