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Tang's Group
In this Group: Tang, Kimlean
Residing in Kror Kor district of Pursat Province in Cambodia, Tang is a widowed mother who has seven kids. She is 57 years old and currently manages a two and half hectare area for growing rice. The current business earns her about 17,000 KHR per day. Tang has never worked with VisionFund (Kiva’s partner) before. She is now forming a group of two women to apply for a new loan. Both of them are seeking 1,000,000 KHR. As the group leader, she will use her loan portion to buy fertilizer for her dry season rice. She hopes to grow her rice healthily, so she can make more income and improve her lifestyle.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 3,987.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Tang's Group's $525 loan helped a member to buy fertilizer for rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 10, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014