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Khorn's Group
In this Group: Khorn, Koeurn, Sy, Nhan, Houy
Khorn is a resident from Kampong Cham province and a widowed mother of nine children. Rice farming is the main source for her to earn income in order to support the family and she can earn extra income via a paid-working job for supplemental income. She has been rice farming for 37 years. She is a second-cycle borrower with VisionFund (Kiva’s partner) and she is a group leader in a group consisting of five members. She and her co-borrowers are requesting a loan in the total amount of 5,600,000 KHR, of which 1,200,000 KHR is her loan portion. As a leader, she will spend her entire loan portion to buy fertilizer and rice seeds for her farmland. She hopes to expand her rice farmland via this business.

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.

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About Cambodia

  • $2,600
    Average annual income
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khorn's Group's $1,400 loan helped a member to buy fertilizer and rice seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 13, 2014
Listed
Apr 10, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015