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Chen's Group
In this Group: Chen, Ken
Chen is 24 years old, married, and has one son. She lives in a rural village of the Battambang province’s Moung Russey district. She farms rice. She and her husband earn about 16,000 KHR a day and can save about 10,000 KHR a day for their future needs.

Chen is the leader of her group. She is requesting her second loan from VisionFund, which she will use to buy fertilizer and pesticides for her farmland. She hopes this loan will enable her to earn more income from her rice paddy so as to improve her living conditions.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chen's Group's $525 loan helped a member to purchase fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 8, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014