Doung is 34 years old and married. She is blessed with two children who currently count on her as one is still in school and the other is still young. Doung is a rice and cassava farmer and has support from her husband. The couple also works for others for a fee to earn extra income. Doung is able to earn up to 19,800 KHR per day. She is a first-time borrower with VisionFund Cambodia.
Doung is the leader of a two-person group loan. She will use her portion of the loan to buy fertilizer for her farmland. Doung hopes that she can improve her cassava yield and send all of her children in school.
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.