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Peth's Group
In this Group: Peth, Samuot
Peth, 46, is a widow and has one son to cater for as he is still in school. She and her son live in Mongkul Borey district of Battambang province. To tackle the family's hardships, she sells grocery items in order to get a daily income for her son’s sake. She has been engaged in this business for 15 years and is able to earn up to 25,000 KHR.

This is not the first cycle loan for Path as she has been with VisionFund for three cycles already. She has used the previous loans with success and they have helped her to maintain her standard of living.

Now, she is forming a group of two to apply for a new loan with VisionFund. The total loan amount of her entire group is 1,800,000 KHR. Path, whose loan portion is 1,400,000 KHR, will use her loan to buy more grocery items to sell. She hopes this purchase will help her to replenish her items on time and make a good income for her living standard as well as for her son’s education.

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
  • 165
    View loans »
    Cambodia Loans Fundraising
  • $35,951,550
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Peth's Group's $475 loan helped a member to buy more grocery items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013