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Hoeurt's Group
In this Group: Hoeurt, Savan
Hoeurt, age 32, is a married mother of two schoolchildren. She is a local villager in the Ek Phnom district of Battambang province. To meet the family's basic daily needs, she sells grocery items while her husband works for others for a fee. She has been engaged in this business for 8 years.

Hoeurt has been with VisionFund for six cycles, and she has completely paid back her previous loans. The loans have provided her with a good income to sustain her business. Hoeurt is now a member of a two-person group applying for a new loan. Each of them is seeking 1,400,000 KHR. Hoeurt is going to spend her portion of the group loan on purchasing more grocery items for resale. She hopes to replenish her inventory and double her income so she can 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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 3,983.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Hoeurt's Group's $725 loan helped a member to buy more grocery items for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014