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Chen's Group
In this Group: Chen, Lim, Luob, Ouk
Chen, a local villager from Srey Snom district of Siem Reap province, is 33 years old and married. She has three kids in school. Her main business is rice cropping. She has been involved in her current business for 15 years, earning about 19,000 KHR per day.

This is the first loan with VisionFund (Kiva’s partner) for Chen’s group, which consists of four female members. Chen and her co-borrowers are seeking 1,000,000 KHR each. As the leader, Chen will spend her loan portion to buy gasoline for her hand-tractor, rice seed, and insecticide for her crops. She hopes to gain a good yield from her business and to improve her lifestyle.

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
  • 329
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,104.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chen's Group's $975 loan helped a member to buy rice seed, gasoline for her hand-tractor, and insecticide for her crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014