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Mith's Group
In this Group: Mith, Thai
Mith is 42 years old and married. She has four children, two of whom are in school. She farms rice on two hectares of land. The current business has returned her about 20,000 Riels (KHR) per day. This is the first microloan for Mith with VisionFund (Kiva's partner). Both of them are seeking the same loan amount of 1,000,000 KHR each. Mith is the group leader, and will spend her loan portion to buy fertilizer and insecticide for her crops. She hopes that she can boost her crop productivity and increase more profit.

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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $35,470,050
    Funds lent in using Kiva
  • 3,981.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mith's Group's $525 loan helped a member to buy fertilizer and insecticide for her crops.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014