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Channa's Group
In this Group: Channa, Channy, Samon
Age 31 and the mother of three kids who are still in school, Channa is a villager from Kampong Cham province. For the sake of her family, the main sources of her income are from rice farming, cassava farming, and firewood selling. This business has returned about 30,700 KHR per day. This is the first microloan for Channa with VisionFund (Kiva’s partner). She leads a group of three to apply for a new loan. As the leader, she will spend her loan portion to buy fertilizer for both of her cash crops. She highly believes that she will earn more income and expand her business on a larger scale.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    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 $725 loan helped a member to buy fertilizer for both of her cash crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014