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Chamroeun's Group
In this Group: Chamroeun, Thida
Chamroeun is 62 years old and married with four children. The rest of his family is living in Ek Phnom district of Battambang province. To overcome family hardships, he and his wife do rice farming and animal husbandry (duck and chicken). He has engaged in this business for 40 years. Chamroeurn, a fifth-cycle client, joined a group of two to apply for a new loan with VisionFund, Kiva’s partner. He has paid back his past loans with success and it has improved his living condition. Now, he and his co-borrower are applying for 800,000 KHR each. As the leader, he is going to use his portion to pay for harvesting fee and to buy feed for his duck and chicken raising business. He hopes to make more income from both business so that he can upgrade his lifestyle gradually.

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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,965,175
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chamroeun's Group's $425 loan helped a member to pay for the harvesting fee and to buy feed for his ducks and chickens.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013