Check out other loans that are currently fundraising!
Chea's Group
In this Group: Chea, Hoeurn, Chanruom
Chea, 42, is a widowed mother of three children, one of whom is still in school. She is a resident of Battambang province. She is employed and also grows rice in order to support her family as a single mother. She has been growing rice for ten years, and is able to earn up to 20,300 KHR per day. Her main challenge is the low crop yield due to pests. Hence, she has formed a group of three to apply for a new loan. She is a three-time borrower with VisionFund (Kiva’s partner) who has repaid her last loan with VisionFund already. She feels so confident that she can uplift her living conditions gradually after the successful past loan. Now, she and one of her co-borrowers are seeking a loan of 1,400,000 KHR each while the remaining member is requesting 1,000,000 KHR. For Chea, she will use her portion of the loan to buy fertilizer and pesticide, and to pay the plowing fee. She hopes that this crop will return her a good yield so she can earn more income to maintain her standard of living.

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
  • 110
    View loans »
    Cambodia Loans Fundraising
  • $35,871,725
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chea's Group's $975 loan helped a member to buy fertilizer and pesticide, and to pay the plowing fee.
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