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Thab's Group
In this Group: Thab, Ny
Thab is a 57-year-old, married mother of three kids who are in school. She resides with the rest of her entire family in the Moung Russey District of Battambang Province. To cover the necessary expenses for her household, she grows rice and sesame as her main source of income. She has been involved in this business for ages.

Thab is not new with VisionFund (Kiva’s partner) and has formed a group of two to get a new loan. She is applying for a loan of 1,000,000 KHR and her joint borrower is seeking for 1,400,000 KHR. As a leader, she will spend her entire loan portion to buy fertilizer and pesticide and to pay the pumped water fee for her farmland. She hopes to gain a good yield that is 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 3,990.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Thab's Group's $625 loan helped a member to buy fertilizer and pesticide and pay the pumped water fee for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 25, 2014
Listed
Mar 24, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014