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Houch's Group
In this Group: Houch, Choerm, Nhanh, Kam
Houch, 42, is a married mother living in a rural village of Moung Russey district of Battambang province. She has five children, two of whom are dependent on her and still in school. She and her husband are hard-working farmers who grow rice on five hectares of farmland and sometimes work for others for a fee. Together, with hard work, they can earn about 26,000 KHR per day and save about 20,000 KHR each day for their future needs.
Houch has been with VisionFund for five cycles and completely paid back the past loans. She successfully used the past loans to gradually improve her family’s living. Now she and her group members are applying for a loan with VisionFund of 1,400,000 KHR each. As the leader, she wants to use her portion to buy fertilizers and pesticides for her farmland and use a portion of it to spend for land plowing and labor. She hopes to make more rice and increase yields.

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
  • 289
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,038.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Houch's Group's $1,400 loan helped a member to buy fertilizers, pesticides for her farmland.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014