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Ry's Group
In this Group: Ry, Sopha
Living in a rural area located in the Dambae district of Cambodia, Ry is 54 years old and widowed. She has two children. To make a living and take care of her children, she has been growing cassava, rice and cashew nuts. She has been in the business for 34 years. She is able to earn about 23,000 KHR per day.

Ry has been with VisionFund for two loan cycles and has completely repaid the loans. She successfully used the loans from VisionFund to better support her family’s living conditions. With a good business, she is leading her group to ask for a loan. As the leader, Ry is going to use her portion to pay labor fees to harvest cashew nuts. She hopes this loan will enable her to improve her business and make more income to improve her lifestyle.

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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $36,192,875
    Funds lent in using Kiva
  • 3,984.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ry's Group's $1,375 loan helped a member to pay labor fees to harvest cashews.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 17, 2014
Listed
Feb 15, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015