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Yeng's Group
In this Group: Yeng, Krorn
Yeng is 39 years old and a mother of three children who are still in school. She earns income by selling groceries and farming rice. Now Yeng is applying for a loan of 2,000,000 KHR. As the leader of her loan group, she will spend her entire loan portion to start a new business, pig farming. Yeng will purchase piglets and feed to get her business going strong.

The positive impact of her loan has enabled her to support her kids in school and have a better life than before. She hopes that her business will improve and enable her to keep her children in school.

Additional Information

More information about this loan

This loan will enable an entrepreneur to start up their own business. VisionFund Cambodia had designed this loan product to target young entrepreneurs with specific technical training or who want to expand into a new line of work. The organization equips all of its clients with financial education and training to help them run successful businesses.

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
  • 162
    View loans »
    Cambodia Loans Fundraising
  • $35,792,525
    Funds lent in using Kiva
  • 4,015.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Yeng's Group's $750 loan helped a member to buy piglets and feed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 8, 2014
Listed
May 4, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015