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Nang's Group
In this Group: Nang, Ream
Nang, 31, is living in a rural village of the Tbaung Khmum district of Kamong Cham Province. She has three children, all of whom are dependent on her and still in school. Nang has been farming rice and growing cassava for 11 years on two hectares of farmland as her main sources of income. She is able to earn about 14,000 KHR per day to meet the family’s needs.

Nang’s group consists of two members who have been with VisionFund for two cycles. Now she is leading her group to ask for another loan. Nang wants to use her portion to spend on plowing the field and a portion of it to spend on labor fees. She hopes to earn more income from her current businesses so as to improve her standard of living.

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
  • 305
    View loans »
    Cambodia Loans Fundraising
  • $37,552,375
    Funds lent in using Kiva
  • 3,986.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nang's Group's $675 loan helped a member to spend on plowing the field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014