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Naieng's Group
In this Group: Naieng, Chenda
A rural villager from the Tbaung Khum district, Naieng is 60 years old and married. She has seven children, one of whom is still in school. She is a farmer who has been planting rice and cassava for 42 years. Naieng currently earns about 28,000 KHR per day.

Naieng is requesting a micro-loan from VisionFund. Now she is leading her group to request this loan. As the leader, she is going to use her portion to buy fertilizers for her farmland. She hopes to grow her rice healthfully so as to sell it for a good price.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,099.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naieng's Group's $300 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 11, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013