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Loern's Group
In this Group: Loern, Choerb
Loern is 48 years old, married, and has four children. She lives in a rural village in the Moung Russey district of Cambodia. She and her husband are hard-working farmers who earn to a living through farming rice, which they have been doing for 10 years. She earns about 12,000 KHR a day.

Loern is requesting a loan from VisionFund for 300,000 KHR for each group member. As the leader, she is will use her portion to buy a cart for supporting her paddy business. She hopes this loan will enable her to increase her crop yield so as to make a living better.

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
  • 112
    View loans »
    Cambodia Loans Fundraising
  • $36,215,100
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Loern's Group's $175 loan helped a member to purchase a cart for supporting her paddy business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014