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Kimoun's Group
In this Group: Kimoun, Srey
Kimoun, 28, is a mother of two children who are under school age. She earns a living by rice cropping and soybean farming. This is her main source of income. She can supplement her income via her paid-work job. She has been involved in her current business for eight years, earning almost 39,000 KHR per day.

Including this loan, she and her joint borrower are fourth-cycle borrowers with VisionFund (Kiva’s partner). Kimoun has repaid her past loan completely, and it has enabled her to improve her lifestyle progressively. For this cycle, she is the leader of her group. She and her co-borrower are seeking 1,800,000 KHR each. Kimoun will spend her entire loan portion to pay for rice seed, fertilizer, plowing fees and labor costs. She strongly believes that she can gain a triple yield so she can earn greater 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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kimoun's Group's $900 loan helped a member to pay for rice seed, fertilizer, plowing fees and labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 25, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015