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Vanny's Group
In this Group: Vanny, Mach
Vanny is a married mother of six children, two of whom are studying at a local university. She is in her late 50s. She is a resident from the Battambang province where her crop is grown and her honey-selling business is run.

Now, she is the leader of the microloan group consisting of two in a third cycle loan with VisionFund (Kiva’s partner). She is applying for a loan of 1,200,000 KHR and her member is applying for a loan of 1,400,000 KHR. As the leader, she will spend her entire loan portion to buy fertilizer, gasoline, and pesticide and to pay a plowing fee for her rice farming business. She hopes to make her living better than before.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 226
    View loans »
    Cambodia Loans Fundraising
  • $37,057,450
    Funds lent in using Kiva
  • 3,954.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vanny's Group's $675 loan helped a member to buy fertilizer, gasoline, and pesticide and to pay a plowing fee for her rice farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 18, 2014
Listed
Mar 22, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015