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Mom's Group
In this Group: Mom, Chantho
A mother in her mid-forties, Mom is married and blessed with three children, one of whom is in school. To overcome the financial burden in her household, Mom does cassava farming and works for others for a fee to supplement her income. She has been in her business for ages, and it has returned her about 41,000 KHR per day. This is the fifth loan for Mom and the fourth loan for her joint borrower. Mom has repaid her past loan with success, and it has enabled her to uplift her lifestyle. As the leader of this group, Mom will spend her entire loan portion to pay for plowing fees, labor costs, insecticide and potash. She hopes that she can gain a better yield 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
  • 231
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,008.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mom's Group's $525 loan helped a member to pay for plowing fees, labor costs, insecticide and potash.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 27, 2014
Listed
Apr 27, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014