Tha, 29, is married with two dependent children. Her family lives in a house with a thatch roof located in Kampong Cham province’s Damabe district. The main source of her family’s income is growing cassava. To supplement that income, Tha's husband also works for others for a fee. Tha and her husband have been running their business for nine years, earning about 34,000 KHR per day. Tha is able to save about 15,000 KHR each day.
Tha is new to VisionFund this cycle. She is leading her group of three to request a loan of 4,000,000 KHR each. As the leader, Tha is going to use her portion to buy pesticides and fertilizer for her cassava. She hopes to increase her crop yields to earn more income and to send her children in school.
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.