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Pheakdey's Group
In this Group: Pheakdey, Ton, Ran, Saran
Pheakdey, 29, is married and has two dependent children who are still small. Her family lives in a house with a thatch roof, located in Pursat province’s Sampov Meas district. The main source of her family’s income is from farming rice, while her husband works as a paid worker in the local area to supplement the income. She has been running her business for five years, earning about KHR13,000 per day and she is able to save about KHR7,000 each day.
Pheakdey received her first loan with Kiva’s partner, VisionFund, three cycles ago and has effectively used it to sustain her family’s business and support her family’s needs. With a good business, she is now leading her group to ask for a loan. As the leader, she is going to use her portion to buy fertilizers for her farmland and use a portion of it to spend on buying piglets to raise to earn additional income. She hopes to increase her crop yields to earn more income to make a better living and also send her children to school.

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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,088.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pheakdey's Group's $1,100 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 3, 2013
Listed
Jul 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014