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Touch's Group
In this Group: Touch, Chem
A 47-year-old widow mother of two kids living in Thmor Koul district of Battambang, Touch is a single mother who makes a living through a business of catching crickets to sell (fried cricket is one of the common foods in Cambodia). She has no other business involvement besides this business. She is able to earn up to 35,000 KHR a month from the current business that she has been with for 10 years. To earn more profit, she needs to catch as many more crickets as possible.

Hence, she formed a group of two to apply for a new loan with VisionFund. She is a third time borrower for this cycle. She has used her past loan wisely in support of her business, and she can afford to provide meals three times a day for her children from her income. Now, she and her joint member in their group of two are seeking 1,000,000 KHR each. As the group leader, Touch will use her loan to buy wire and a lamp for an electricity connection for her house. She hopes this purchase will help her to have enough electricity in her household to supply her family’s usage.

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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $35,929,100
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Touch's Group's $525 loan helped a member to buy wire and a lamp for an electricity connection for her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 18, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014