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Theavy's Group
In this Group: Theavy, Voern
Living in a rural area located in Kampong Cham province’s Ponhea Krek district, Theavy is a 26-year-old mother of one son, who is still small. She is a rice farmer in the local area and she supplements her family’s income by growing cassava. Having been in the business for five years, she can make daily income from her current business of KHR 14,000 and she is able to save about KHR 7,000 per day, after expenses, for the future needs.

This is the fourth loan for Theavy with Kiva’s partner, VisionFund Cambodia. She completely paid back the past loan which has helped her to relieve her family’s burden and improve her livelihood. Now, she is leading her group to ask for a loan of KHR 500,000 each.

As the leader, Theavy is going to use her portion to buy fertilizer for her farmland. She hopes to earn more income from her rice paddy, 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
  • 330
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Theavy'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:
May 9, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014