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Loem's Group
In this Group: Loem , Nuy , Narom
A rural villager from Kampong Cham province with his wife and two children, one daughter and one son, Loem is 43 years old. To overcome his family's living situation, Loem works as a construction worker. The current business, which he has been involved with for 25 years, has returned him about 25,000 KHR per day. Loem is a first-time borrower with VisionFund. Now he leads a group of two members to apply for the same loan amount: 1,000,000 KHR each. As the leader, he will use his loan portion to buy construction supplies for his business. He hopes to make a good income to improve his family's living condition.

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
  • 54
    View loans »
    Cambodia Loans Fundraising
  • $38,705,600
    Funds lent in using Kiva
  • 4,095.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Loem's Group's $750 loan helped a member to buy construction supplies for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 7, 2013
Sep 11, 2013
Currency Exchange Loss:
Sep 17, 2014