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Yan's Group
In this Group: Yan, Chan
Yan, a 49-year-old mother of seven children from Kampong Cham Province in Cambodia, is a local farmer who grows rice and cassava each on one hectare of farmland. The cash-crop has returned about 22,200 KHR per day to cover the basic need in her family. Currently, she is in need of working capital to support her crops, and so she formed a group of two to apply for a new loan with VisionFund (Kiva’s partner). She used her past loan smartly to support her business, including paying a weeding fee and buying insecticide to maintain her yield. She also repaid her loan completely. This time, she and her co-borrower are seeking 1,000,000 KHR each. As a group leader, she will use her loan portion to pay a plowing fee to replant her cassava. She hopes to get more income from the business to continue upgrading her living in a good manner.

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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yan's Group's $525 loan helped a member to pay a plowing fee to replant her cassava.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 17, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013