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Cher's Group
In this Group: Cher, Sophorn
Cher is 44 years old and married. She has three children who count on her as they are still in school. She has managed a one hectare area for growing rice. This business, that she has been with for 16 years, has returned her about 15,000 KHR per day.

This is the first loan for Cher with VisionFund (Kiva’s partner). She formed a group of two and she is the leader. She will use her loan portion to buy fertilizer, pesticide, and to pay a water pumping fee. She hopes this loan will boost her crop yield and bring back to her a good income.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,862,650
    Funds lent in using Kiva
  • 3,984.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Cher's Group's $275 loan helped a member to buy fertilizer, pesticide, and to pay a water pumping fee.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014