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Kheng's Group
In this Group: Kheng, Khon
Kheng is a 59-year-old and a citizen from the Koh Sotin district of Kampong Cham province. She is married and blessed with two children. To struggle for a living, she does rice cropping and sells fish paste to supplement her income. She has been involved in her current business for ages. This is the first cycle loan for her and her group member, who are requesting 1,000,000 KHR each with VisionFund (Kiva’s partner).

As the leader, Kheng is planning to use her entire loan to buy more fish paste for resale. She hopes that this purchase will enable her to support her fish paste selling business in a timely manner and bring her a decent 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
  • 260
    View loans »
    Cambodia Loans Fundraising
  • $37,497,250
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kheng's Group's $525 loan helped a member to buy more fish paste for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 10, 2014
Listed
Mar 9, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015