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Khorn's Group
In this Group: Khorn, Heab
A 28-year-old mother of two schoolgirls and four rice farmers residing in Kampong Cham province, Khorn is married and earns a living from cassava and rice growing. The current business earns her almost $10 USD per day. Khorn is a sixth-cycle client with VisionFund this time, and it is the same cycle for her co-borrower in the group of two female members. Her past loan provided her sufficient working capital for her business, and she can afford to provide daily decent food for her family. For this new loan, she will use her loan portion as a group leader in order to buy fertilizer, insecticide, and rice seed, and to pay for the plowing fee. She hopes to grow her both cash-crops seasonably and get back more income.

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
  • 220
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khorn's Group's $25 loan helped a member to buy fertilizer, insecticide, and rice seed, and to pay for the plowing fee.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 17, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014