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Norn's Group
In this Group: Norn, Thoern
Norn is 41 years old and married. She lives in a rural village of the Dambae district of Kampong Cham Province and she has three children. To make a living, she has been planting cassava for five years. This activity earns about 31,000 KHR per day.

This is her first cycle with VisionFund and she is leading her group to request a loan. As the leader, Norn is going to use her portion to pay for labor fees associated with harvesting cassava. She hopes to harvest more crops so as to sell them for a good price.

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
  • 207
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 3,991.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Norn's Group's $525 loan helped a member to pay for labor fee for harvesting cassava.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 10, 2014
Listed
Feb 5, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015