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Pen's Group
In this Group: Pen, Sok
Pen is a 47-year-old married mother who lives in a rural village in Battambang province’s Moung Russey district. She earns a living by running a small business at home as a shoemaker. She has been in this business for more than 10 years and earns around 40,000 KHR per day to meet her family’s needs. Pen has five children, one of whom is dependent on her and still in school. Lack of working capital to support her business is her main challenge.

Pen’s group consists of two female members who have been with VisionFund for four cycles. She has successfully paid back the past loans which have helped her relieve her family’s burden and improved her living condition. Now she is leading her group in asking for a loan. Pen, who is the leader, will use her portion to buy material for producing shoes such as plastic and thread etc. She hopes that this loan will enable her to earn more income from her current business so as to make a better living and keep her children 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
  • 58
    View loans »
    Cambodia Loans Fundraising
  • $35,066,825
    Funds lent in using Kiva
  • 3,996.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pen's Group's $625 loan helped a member to buy material for producing shoes such as plastic and thread.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013