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Phey's Group
In this Group: Phey, Sophy
Phey is aged 29 years old and married. She is a mother of one daughter. To make a living, she and her husband have been farming rice for several years and supplement their family’s income by working as paid workers. The current business earns her about 18,000 KHR per day to support her family.

Phey has been with VisionFund for one cycle and completely paid back the past loan which has helped her better support her family. Now she is applying for a loan. As the leader, she is going to use her portion to pay for harvesting rice. She hopes to earn more income from her current business 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.

About Cambodia

  • $2,600
    Average annual income
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • 3,998.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phey's Group's $450 loan helped a member to pay for harvesting rice.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 22, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014