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Khoern's Group
In this Group: Khoern, Chreng, Sreytouch, Phun, Sokun
Khoern is 58 years old and married. She lives with her husband and five children in a rural area located in the district of Moung Russey, Cambodia. She is a rice farmer who has been growing rice for ten years. To increase the family's income, her husband works for others for a fee and raises pigs. She is able to earn about 23,000 KHR per day.

This is the second loan for Khoern with Kiva’s partner, VisionFund. Now leading her group of five to ask for a loan, Khoern who is the leader, will use her portion to spend on harvesting rice and use a portion of it to spend on buying pig feed. She hopes to make more income from her current business so as to make a better 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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,861,050
    Funds lent in using Kiva
  • 3,982.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khoern's Group's $1,675 loan helped a member to purchase harvesting rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 27, 2013
Listed
Dec 24, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014