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Channa's Group
In this Group: Channa, Saroet
A citizen from a rural area located in the Ek Phnom district, where rice farming is a common way to earn a living, Channa is aged 53 years and widowed with two children. As a widow, she has struggled to feed her children by farming rice. Having been in the business for 20 years, the current business earns her approximately 26,000 KHR per day.

Channa is with VisionFund for this loan cycle. She is now leading her group to apply for a loan of 500,000 KHR each. As the leader, she wants to use her portion to buy fertilizer for her farmland and use another portion of it to spend on labor. She hopes to make more income so as to improve her lifestyle.

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
  • 103
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Channa's Group's $275 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 24, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014