Check out some available loans that are similar to this one!
Louy's Group
In this Group: Louy, Samon
Louy is a 59-year-old widowed mother of five children who lives in a rural area of the Thmor Koul district of Battambang province, Cambodia. To make a living, she has been farming rice on a five-hectare area of land for 15 years. The current business earns her about 12,000 KHR per day to meet the family’s needs and she can save about 3,000 KHR each day after expenses.
Louy has been with VisionFund for five loans while the other member has been with VisionFund for six loans. Louy completely paid back the past loans which have helped her relieve her family’s financial burden. Now she is leading her group to ask for another loan. She wants to use her portion to buy fertilizer and rice seeds for her farmland. She hopes this loan will enable her to increase her crop yield 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 Cambodia

  • $2,600
    Average annual income
  • 305
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 3,987.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Louy's Group's $325 loan helped a member to buy fertilizer and rice seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 21, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014