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Rem's Group
In this Group: Rem, Ra
Rem, a local farmer from Moung Russey district of Battambang Province, is 50 years old and has five children, one of whom is dependent on her and still in school. To support her household, she plants rice on six-hectares of farmland and sesame on two-hectares of farmland. Having been in this business for ten years, Rem is able to earn about 28,000 KHR per day to meet the family’s needs. Lack of working capital is the main challenge for her planting business.

Rem’s group is composed of two members who live in the same village. She had a first microloan with Kiva’s partner, VisionFund. Now she is leading her group to ask for a loan. As the leader, she is going to use her portion to pay labor costs of harvesting rice. She hopes to get a high crop yield from her paddy as well as her sesame so as to improve her standard of 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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 3,983.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rem's Group's $275 loan helped a member to pay labor costs of harvesting rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 25, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013