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Kimoun's Group
In this Group: Kimoun, Neang, Samoeurn, Thea, Sokhin, Soaphoeurn
Kimoun, 38, is a widowed mother of four children residing in a rural village of the Ponhea Krek district of Kampong Cham province. Two of her children are still in school and another one is too young to attend school. To make a living, she has been farming cassava and growing cassava for three years as the main source of income and she works as a hairdresser to earn an extra income. She can earn about 26,000 KHR per day.

Kimoun has been with VisionFund for two loans and she has successfully repaid them back. The past loan has helped her to support her family's living and enabled her to keep her children in school. Now she is leading her group to apply for a loan. As the leader, she is going to pay for labor fees for her farmland and use a portion of it to buy items for her hairdresser job. She hopes to expand her business to increase her family’s income and improve their living.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,066.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kimoun's Group's $1,725 loan helped a member to buy items for her hairdresser job and pay for labor fees for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014