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Ou Yit's Group
In this Group: Ou Yit, Phan, Sokny, Sombor
Ou Yit is aged 27 years and is a young mother of two sons who are still small. She and her husband make a living through planting cassava. They have been in this business for nine years. The current business earns them about 44,000 KHR per day, and they are able to save about 20,000 KHR daily for future needs.

This is the second loan for Ou Yit with Kiva’s partner, VisionFund. Now she is leading her group to ask for a loan. As the leader, Ou Yit is going to use her portion to buy fertilizers and seeds for her farmland.

She hopes to make more income from her current business, and she also hopes to send all of her children to school.

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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,030,850
    Funds lent in using Kiva
  • 4,008.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ou Yit's Group's $1,475 loan helped a member to buy fertilizers and seeds for her farmland.
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:
Apr 17, 2015