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Lon's Group
In this Group: Lon, Sreymao, Savun, Ann
Originally from Battambang province, Lon is a 48-year-old mother of seven children. Currently, four of her children are still in school and remaining three are working as paid workers. To deal with the daily cost of living, she sells fish and her husband is a construction worker. She has been engaged in the current business for 10 years. With VisionFund, Kiva’s partner, she is the nine-cycled client. After the last loan which she has repaid back completely, she feels so empowered that she can sustain her living status in proper condition. Now, she is in need of working capital, so she formed a group of four to apply for a new loan. She is seeking for 1,400,000 KHR while her co-borrowers are seeking for 1,000,000 KHR. As the group leader, she will use her loan portion to buy construction materials to support her husband’s occupation. She hopes that she and her husband can make more profit and keep her children in school until tertiary level.

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
  • 291
    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 Lon's Group's $1,125 loan helped a member to buy construction materials to support her husband’s occupation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2013
Listed
Apr 21, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014