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Nary's Group
In this Group: Nary, Sot, Sokleakhena, Seinet, Pov
A 42-year-old mother of four kids, Nary is a widow who currently only has one schoolchild under her dependency. As a single mother, she struggles in earning her daily cost of living through Chinese noodle selling and a cafe. For her eight year involvement in the current business, she is able to earn up to 27,200 KHR per day.

Including this cycle, she is a third-time borrower with VisionFund, Kiva’s partner. She has fully paid back her past loans and feels so confident that she can upgrade her living in a gradual manner.

Now, to better support her business, she formed a group of five members to request a new loan. The total of her group loan is 6,200,000 KHR. As the group leader, she will use her loan portion to buy grocery items to support her business. Moreover, she also wants to fix her house in a proper condition.

She hopes her business will improve progressively, and also hopes to own her house in good condition.

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
  • 197
    View loans »
    Cambodia Loans Fundraising
  • $37,037,925
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nary's Group's $1,575 loan helped a member to buy grocery items to support her food selling business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014