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Phoeurn's Group
In this Group: Phoeurn, Horn
Residing in the Moung Russey district of Battambang Province, Phoeurn is a widow who overcame the family hardship by rice cropping five hectares. The current business, which she has been with for 10 years, generates about 23,600 KHR per day. This is the fourth cycle for Phoeurn with VisionFund, Kiva’s partner. The past loans that she has succeeded in repaying have enabled her to upgrade her living status and sustain her living. Now, she leads a group of two to apply for a new loan. She and her co-borrower are seeking 1,400,000 KHR each. As the group leader, she will use her loan portion to purchase potash for her farmland as well as to pay a plowing fee. She hopes to grow her rice healthily and fruitfully, so she can earn more 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
  • 258
    View loans »
    Cambodia Loans Fundraising
  • $37,494,750
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phoeurn's Group's $725 loan helped a member to purchase potash for her farmland and to pay a plowing fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 12, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014