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Heang's Group
In this Group: Heang, Sokhean
Heang is 53 years old and has six children. She is a villager from Tbaung Khmum district of Kampong Cham province. To make a living, she plants rice and cassava on two hectares each. This business has returned her about 38,000 KHR per day. Heang is a second-time borrower and her joint borrower is a first-time borrower with VisionFund (Kiva’s partner). Heang’s past loan has enabled her to improve her business on time and she repaid that loan with success. For this cycle, she is asking for 1,200,000 KHR while her co-borrower is applying for 1,000,000 KHR. As the leader, she will spend her loan portion to buy fertilizer for both her cash-crops. She expects to gain a good yield from her crops and make double income.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,083.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Heang's Group's $550 loan helped a member to buy fertilizer for both her cash-crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014