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Ram's Group
In this Group: Ram, Kunthea
Ram is the 61-year-old widowed mother of two children, who earns a living farming rice on one hectare of farmland. She has been in this agribusiness for 30 years, and the business currently earns her about 25,000 KHR per day to feed the family. Ram’s Group consists of two members who live in the same village, and this is her fourth loan cycle with VisionFund. She wisely and successfully used her loans from VisionFund to improve her support of her family’s living and business expenses. Now Ram is leading her group to apply for a loan, and she will use her share to spend on labor to in plow the field. She hopes to increase her family’s income from her current business 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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 3,987.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ram's Group's $400 loan helped a member to pay for labor to plow her rice field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 24, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014