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Bom's Group
In this Group: Bom, Sophen, Chantho
Bom is a mother in her late 40s and blessed with four children who are in school. Her entire farming mainly relies on her cassava farming on about a two-hectare area. The current business has generated about 47,000 KHR per day for her. Bom is a third time borrower with VisionFund (Kiva’s partner). She has repaid her past loan completely to support her business promptly. Now, in a group of three, she is the leader. For Bom, she will spend her loan portion to buy fertilizer, insecticide, and to pay the plowing fee and weeding fee. She hopes to gain a good yield from her crop and make 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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,083.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bom's Group's $675 loan helped a member to buy fertilizer, insecticide, and to pay the plowing fee and weeding fee.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014