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Khorn's Group
In this Group: Khorn, Chanthy, Lorchhy, Nai
A married woman from Battambang province, Khorn is a peasant in the local area who grows rice and pineapple to earn a living. The 10-year engagement in the current business returns her about 15,000 KHR (Cambodian riels) per day. Khorn has been with VisionFund (Kiva’s partner) for the past three loan cycles. After the successful past loans, she feels confident that she can improve her livelihood greater than before.

Now, she forms a group of other three females to apply for a new loan. She and another two joint members are each seeking 1,400,000 KHR, while the remaining co-borrower is applying for 1,000,000 KHR. As a group leader, she will use her loan portion to buy fertilizer, and to pay the water-pumping fee for her pineapple plantation. She does believe that she can gain double yield from her crops; thereby, she can make more income to build a new house for her family.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,556,325
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khorn's Group's $1,325 loan helped a member to buy fertilizer and to pay the water-pumping fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014