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Thy's Group
In this Group: Thy, Sokhen
Thy, 35, is a resident from Battambang province and a father of three dependent children. He has been a farmer growing rice and corn as his main source of income for more than ten years. This current business has returned him about 37,000 KHR per day.

This is the first-cycle loan for Thy and third loan for his joint borrower with VisionFund (Kiva’s partner); they are each seeking the same loan amount of 1,000,000 KHR each. As the leader, he will spend his loan portion to pay the plowing fee and to buy corn seeds. He strongly hopes that he will gain a good yield.

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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $36,978,250
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Thy's Group's $500 loan helped a member to pay the plowing fee and to buy corn seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015