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Ngek's Group
In this Group: Ngek, Chhoy, Tob, Kon, Out
Ngek is 34 years old and has a total of seven children, all of whom are still in school. She lives in a rural area in Seim Reap province’s Srey Snom district. To support her big family, Ngek and her husband are rice farmers and have been farming for ten years. Together, the can earn about 10,000 KHR each day. Ngek has been with VisionFund for one cycle and completely repaid back her loan which she used to improve livelihood.

Ngek is the leader of a five-member group loan. She will use her portion of the loan to buy fertilizer for her farmland. Ngek hopes her loan will enable her to grow her rice healthily and she also hopes to grow more rice to improve her family’s living standard.

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
  • 128
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 3,980.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ngek's Group's $1,475 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 6, 2013
Listed
Mar 21, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014