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Moern's Group
In this Group: Moern, Noern
Living in a rural area located in the Moung Russey district of Battambang province, Moern is 47 years old and married. To support her family, she has been farming rice on five hectares of farmland for 15 years and she supplements her family’s income by working for others for a fee. From the current business, she can earn about 26,000 KHR per day and can save about 10,000 KHR each day for her future needs.

This is the group loan for Moern’s group of two with Kiva’s partner, VisionFund, and she is a fourth-cycle client. The first loan has helped her better support her family. Now she is leading her group to ask for a loan. As the leader, Moern wants to use a portion to buy fertilizer and pesticides for her farmland. She hopes this loan will help her to timely grow her rice so as to sell it for a good price.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $35,861,050
    Funds lent in using Kiva
  • 4,038.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Moern's Group's $400 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 3, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014