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Young's Group
In this Group: Young, Hoeng, Sokom, Nay
Young is aged 50 and married. She has two children, both of whom are dependent on her and still in school. Living in a village of the Ek Phnom district, Young farms rice, while her husband works as a paid construction worker in the local area to earn additional income for the family. Having been in the business for 34 years, she manages to earn about 38,000 KHR (Cambodian riels) per day to feed her family and children.

This is the seventh loan for Young with VisionFund. She completely repaid the past six loans, which have enabled her to support her family with enough food. Now she is leading her group of four to request a loan. As the leader, Young will use her portion to buy rice seeds and fertilizer for her farmland. She hopes to earn more income from the rice paddy to improve her income and keep her children in school.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 3,981.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Young's Group's $1,425 loan helped a member to buy rice seeds and fertilizer for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 7, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014