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Kheang's Group
In this Group: Kheang, Hoern
A rice farmer from Prey Veng province, Kheang, is a married father to four children. He is the leader of this group.

Rice farming is the main business of the family. In his spare time, Kheang goes fishing and also works for others for a labor fee to make additional income to support his big family.

This is Kheang's first loan from VisionFund Cambodia. He will use the borrowed money to buy fertilizer for the rice field and also to build a decent latrine to improve the sanitation practice in the family and, hence, the health of his children.

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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $36,166,675
    Funds lent in using Kiva
  • 3,983.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kheang's Group's $775 loan helped a member to buy fertilizer and to build a decent latrine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2014
Listed
Feb 25, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015