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Kimhoeurn's Group
In this Group: Kimhoeurn, Roeurm
A mother of nine children and a resident of Bovel district of Battambang province, Kimhoeurn is a local farmer who supports her family via rice farming and paid work. She has been involved in her current business for several years. She has never been with VisionFund (Kiva’s partner) before. Kimhoeurn has formed a group of two to get a new loan. As the leader, she will spend her entire loan portion to buy seed, fertilizer, and to pay for labor costs as well as plowing fees. She hopes that she can gain an income that is good and better 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
  • 257
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kimhoeurn's Group's $700 loan helped a member to buy seed, fertilizer, and to pay for labor costs as well as plowing fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 24, 2014
Listed
May 21, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015