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Mao's Group
In this Group: Mao, Sayoerm
Mao is 45 years old and lives in the rural village of Battambang province’s Moung Russey district, Cambodia. She is married and has five children, three of whom are still attending school. For the last seven years, Mao has been working as a rice farmer in the local area to support her family. The current business earns her about 12,000 KHR per day to meet the family’s need.
Mao has been a member of Kiva’s partner, VisionFund, for two cycles already and she completely repaid the loans while the other member has had five cycles. She has used the past loans wisely and successfully to improve her family’s livelihood. Now she is leading her group to ask for a loan of 1,400,000 KHR each. As the leader, she is going to use her portion to buy fertilizer and rice seeds for her farmland. She hopes this loan will enable her to earn more income from her rice paddy.

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
  • 232
    View loans »
    Cambodia Loans Fundraising
  • $37,058,050
    Funds lent in using Kiva
  • 3,987.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mao's Group's $725 loan helped a member to buy fertilizer and rice seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 22, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014