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Hongly Oun's Group
In this Group: Hongly, Lorchey
Living in a rural area located in Battambang province’s Moung Russey district, Hongly, 24, has one child. Hongly and her husband are farmers who have been growing pineapple for four years. Her current business earns her about 45,000 KHR per day to meet her family’s needs.

Hongly is just with VisionFund for this loan cycle. Now she is leading her group to ask for a loan. As the group leader, she is going to use her portion of the loan to buy fertilizers and seeds for her farmland. She hopes this loan will enable her to grow her pineapple healthily to improve her family’s living standards.

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
  • 97
    View loans »
    Cambodia Loans Fundraising
  • $35,456,775
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Hongly Oun's Group's $600 loan helped a member to buy fertilizers and seeds.
33% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 23, 2014
Listed
Jun 6, 2014
Currency Exchange Loss:
Possible