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Neng's Group
In this Group: Neng, Yoeurn, Kom, Vanna
Neng is 43 years old and married. She is a local resident from Kampong Cham province. To make a living, Neng works as a rice farmer and she also plants rubber trees. She is able to earn up to 24,600 KHR per day and is able to save up to 9,100 KHR per day.

Neng is the leader of a four-woman group and this will be her first loan with the Kiva partner VisionFund. Neng is requesting a 1,000,000 KHR loan to buy more rubber tree seedlings to cultivate. Her co-borrowers are each requesting the same loan amount. In the future, Neng hopes to harvest a good rice yield to make more income to buy a plot of farmland to expand her business. She also hopes to build a new house for her family.

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
  • 131
    View loans »
    Cambodia Loans Fundraising
  • $35,072,250
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Neng's Group's $1,025 loan helped a member to buy rubber tree seedlings to plant.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014