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Lamy's Group
In this Group: Lamy, Nem
Lamy, 20, is single and lives in a village of the Tbaung Khmum district. To make a living, she has been cultivating rice and cassava. Her current business earns her about 20,000 KHR per day, but she can manage to save approximately 10,000 KHR each day, after daily expenses.

Lamy is new with VisionFund, while the other group member has been with VisionFund for three previous loan cycles. Now, Lamy is leading her group of two, to ask for a loan. As the leader, she is going to use her loan portion to pay labor costs, for help in cultivating cassava. She hopes this loan will enable her to increase her crop yield, so as to make a better living.

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
  • 272
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lamy's Group's $625 loan helped a member to pay labor costs, for help in her cassava field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014