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Kim's Group
In this Group: Kim, Rith, Veth
Kim is 49 years old and the mother of six children. She struggles for a living via rice farming on one hectare of farmland and has a paid working job for extra income.

The business that she has had for 30 years has earned her a decent income. This is not the first loan for her with VisionFund (Kiva’s partner). For the past loan, she fully paid back with success and it has promptly supported her business as well as progressing her lifestyle.

Now she is a leader of a group of three borrowers (including her) to get a new loan. The total amount of her entire group is 3,300,000 KHR, of which 1,300,000 KHR is her loan portion. As a leader, she will spend her portion of the loan to buy fertilizer and to pay plowing fees. She hopes that she will have enough financial aid for supporting her business on time.

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
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kim's Group's $825 loan helped a member to buy fertilizer and to pay plowing fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 19, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015