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Nary's Group
In this Group: Nary, Chantha, Sokly
Nary and her husband are farmers who grow rice and cassava in the area to make a living. She and her husband have been in this business for twenty-five years, and they can earn about 40,000 KHR per day, but Nary can manage to save about 15,000 KHR each day after offsetting daily expenses.

This is the second microloan for Nary with Kiva’s partner, VisionFund. She completely paid back the past loan, which has helped her to relieve her family’s burden and improve their livelihood. Now she is leading her group to ask for a loan.

Nary, who is the leader, will use her portion to buy fertilizer and pesticides for her farmland. She hopes this loan will enable her to get a high crop yield from her rice and cassava planting, so as to sell them for a good price.

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
  • $35,070,500
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Nary's Group's $775 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 12, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014