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Pov's Group
In this Group: Pov, Nary, Un, Tha
A rice grower on two hectares of farmland from Kampong Cham province, Pov is 35 years old and married. She has three dependent children to take care of, two of whom are in school and the remaining one is too young for schooling. The current business has generated her about 33,900 KHR per day.

Pov and other three members in the same group of four female members are seeking their first loan of 1,000,000 KHR each from VisionFund (Kiva’s partner). For Pov, who is the leader, she will spend her loan portion to buy fertilizer and rice seed for her farm. She hopes that she can make more income to enlarge her business better 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
  • 251
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,086.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pov's Group's $1,000 loan helped a member to buy fertilizer and rice seed for her farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014