Check out some available loans that are similar to this one!
Ret's Group
In this Group: Ret, Sokong, Sokeng
Ret is 52 years old, married, and a mother of five children. She lives in a rural area located in the Thmor Koul district, Battambang province, Cambodia. To support her family, Ret has been working as a paid construction worker in the local area for four years. From the current business, she can earn about 33,000 KHR per day, and she can save about 20,000 KHR each day for future needs.

This is the group loan for Ret’s group of three with Kiva’s partner, VisionFund. Now Ret and her group members are applying for a loan, which for Ret will be her fifth loan from VisionFund. As the leader, she wants to use her loan portion to buy materials for supporting her house. She hopes to grow her business in the future, so as to make a better living.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 318
    View loans »
    Cambodia Loans Fundraising
  • $37,580,575
    Funds lent in using Kiva
  • 3,980.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ret's Group's $725 loan helped a member to buy materials for supporting her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014