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Ly's Group
In this Group: Ly, Channa
Ly, age 49 is the mother of eight children, who is a villager from Moung Russey district of Battambang province. Nowadays, she needs to support only three children as they are still in school. Her two hectares of rice farming, which she has had for 12 years, has generated her about 9,800 KHR per day.

Ly is a four-time borrower with VisionFund (Kiva’s partner), has formed a group of two to apply for a new loan of 1,400,000 KHR each. After the past loan which she has fully repaid back, she feels confident that she can upgrade her living conditions. For this cycle, she will spend her loan portion to buy potash and to pay for her plowing fee. She hopes that she can gain a higher yield than before.

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
  • 4,087.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ly's Group's $700 loan helped a member to buy potash and to pay for her plowing fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014