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Malay's Group
In this Group: Malay, Phally, Rith
Malay is a 47-year-old villager from a rural area located in the Battambang province’s Moung Russey district. She is married and has seven children, two of whom are dependents and still in school. She earns a living through farming rice on 10 hectares of farmland. Having been in this business for 10 years, Malay can earn about 30,000 KHR per day to meet the family’s needs.

This is the sixth loan for Malay with VisionFund. Now leading her group of three to apply for another loan, she wants to use her portion to buy fertilizer for her farmland. She hopes to increase more crop so as to improve her standard of living and keep her children in school.

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
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Malay's Group's $1,075 loan helped a member buy fertilizer for her farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014