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Yen's Group
In this Group: Yen, Yoeun
Yen, 36, is the mother of five children, four of whom still count on her, as they are in school. The rest of her family mainly depends on 10 hectares of rice fields which she has managed for ages. She, a third-cycle client, is part of a group of two who are seeking a new loan with VisionFund (Kiva’s partner). She has fully repaid her past loan wisely and it has returned her a decent income, up to 82,200 KHR a day to support her big household. Now, she and her joint borrower are seeking 1,000,000 KHR each. The group leader, she will spend her loan portion to buy 10 sacks of potash to support her farmland. She hopes that she can make more income so she can earn income to maintain the good living conditions of her family.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,126,800
    Funds lent in using Kiva
  • 4,087.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yen's Group's $500 loan helped a member to buy 10 sacks of potash for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 22, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014