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Art's Group
In this Group: Art, Soern
Art, aged 28 years old, is widowed and has four kids. She lived with her husband in a rural village of the Bovel district of Battambang province, Cambodia. Two of her kids are still in school. She earns a living by planting cassava and corn. Having been in this business for three years, she can earn about 16,000 KHR per day from the current business and manages to save about 8,000 KHR each day after offsetting expenses.

Art’s group consists of two members who live in the same area. She is a first-cycle client with VisionFund. Now leading this group to apply for a loan, Art will use her portion to buy fertilizers, pesticides, and seeds for her farmland. She hopes to make more income from her growing business so as to make a better 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $36,181,550
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Art's Group's $600 loan helped a member to buy fertilizers, pesticides, and seeds for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 12, 2013
Listed
May 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014