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Channy's Group
In this Group: Channy, Chorvy
A married mother and aged 56, Channy is a local farmer residing in Battambang province’s Thmor Koul district. To support her daily living costs, she grows cassava on two hectares of land. She earns from her current business, which she has been involved in for five years, about 41,100 KHR per day.

Channy has never been with VisionFund, Kiva’s partner, before so this is the first loan for her, but it is the seventh cycle for her group member. Now, she is seeking a 500,000 KHR loan; it is the same amount for her group member. As the leader, Channy will use her loan portion to buy fertilizer for her farmland. She hopes to make a better income to have a new business to provide comfortable living conditions for her family.

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
  • 258
    View loans »
    Cambodia Loans Fundraising
  • $37,526,425
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Channy'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