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Phoeurn's Group
In this Group: Phoeurn, Phat, Sinat
Pheourn, a father of five children, is a villager from Ponhea Krek district of Kampong Cham province. The main sources of income for his family are from cassava farming and rubber planting, which has occupied him for a long time. Phoeun is a second-time borrower with VisionFund (Kiva’s partner). He has fully repaid his first loan completely, a loan that enabled him to upgrade him lifestyle at a good pace. For this cycle, he leads a group of three to request a new loan. As the leader, he will spend his entire loan portion to buy fertilizer for his crop. He hopes that he can improve his crop yield.

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
  • 183
    View loans »
    Cambodia Loans Fundraising
  • $35,967,150
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD
Expired
A portion of Phoeurn's Group's $1,100 loan helped a member to buy fertilizer for his crop.
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 28, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible
Expired:
Jun 21, 2014