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Lay's Group
In this Group: Lay, Saem
Lay is 48 years old and has three children. She lives under a wooden house located in Kampong Cham province. Lay is a local rubber grower on three hectares of land, which she has been doing for 28 years.

Lay and her co-borrower are requesting a loan from VisionFund for 1,000,000 KHR each. As the group leader, she will use her loan to buy rubber tree seeding and potash for her farmland. She hopes to grow healthy rubber trees so that she can collect more latex to sell.

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
  • 307
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lay's Group's $525 loan helped a member to purchase rubber tree seeding and potash for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 15, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014