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Phoeng's Group
In this Group: Phoeng, Sarom, Khanna
Phoeng is aged 25 and married with one daughter. His family lives in a village of the Srey Snom district of Siem Reap province. He and his wife earn a living through working as a teacher and farming rice. Having been in this business for five years, he is able to earn approximately 9,000 KHR (Cambodian riels) per day to meet his family’s needs.

Phoeng is an existing client of VisionFund who has received loans for one loan cycle. The past loan helped him relieve the family's financial burden to a great extent. He is now leading a group of three members to apply for another loan with VisionFund. As the leader, he is going to use his portion to buy fertilizers for his farmland. With this loan, he hopes to make more crops and sell them for a good price to make a better living to send his daughter to 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
  • 251
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 3,984.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phoeng's Group's $275 loan helped a member to buy fertilizers for his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 5, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014