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Oun's Group
In this Group: Oun , Saroeurn, Nhorn
Oun, age 40, is a villager from Bovel district of Battambang province. She is married and blessed with five children. For her family, rice cropping and soybean planting are the main sources of income. This is Oun's second loan with VisionFund (Kiva’s partner). She has repaid her first loan completely, and it improved her living condition progressively. Now, she has teamed up with a group to get a new loan. The total amount of her entire group loan is 3,800,000 KHR. 1,200,000 KHR is her loan portion. As the leader, she will spend her entire loan portion to pay for plowing fees and to buy good seed. She hopes that she can gradually triple her income.

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
  • 247
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Oun's Group's $950 loan helped a member to pay for plowing fees and to buy good seed.
0% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible