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Rey's Group
In this Group: Rey, Pok, Saroeurn, Sokhoeurn
Rey is a 45-year-old widowed mother of five children, two schoolchildren and three paid workers, who lives in Battambang province, Cambodia. To support her family, she solely relies on one single business, chicken raising. This is the business that she has been with for three years. Rey is a third-time borrower with VisionFund (Kiva’s partner), including this cycle. She is very much pleased with her past loans as they have improved her livelihood at a good pace.

Now, Rey is leading a group consisting of four female members and the total requested loan amount is 4,700,000 KHR. Rey will use her loan portion in the amount of 1,400,000 KHR to buy more chickens to raise. She hopes to raise more chickens in healthy conditions and sell them at a high price to triple her 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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 3,995.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rey's Group's $1,200 loan helped a member to buy more chickens to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014