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Leang's Group
In this Group: Leang, Kan, Chanthea
Leang, 35 and married, is the mother of seven children. To deal with the daily cost of living, she grows rice and raises pigs as the main source of family income. For her involvement in the current business, she is able to earn up to 28,300 KHR per day. Leang is the eight time borrower with VisionFund (Kiva’s partner). She has completely repaid back her past loans, which have better supported her living properly. Now, she has formed a group of three to apply for a new loan. As a group leader, she will use her loan portion to pay for plowing fees. She greatly hopes that she can improve her lifestyle in the near future.

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
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Leang's Group's $525 loan helped a member to pay for plowing fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014