Check out some available loans that are similar to this one!
Samon's Group
In this Group: Samon, Lai
Samon is 59 years old and a mother of five children. She lives in the Ponhea Krek district of Kampong Cham province, where her cassava and rice are growing. She has been involved with this business for 19 years, and it has returned her 39,700 KHR (Cambodian riels) per day.

This is the second loan cycle for her with VisionFund (Kiva’s partner), and she is a leader of a group of two for the loan. For Samon, she has completely paid back her past loan successfully, and it had a positive impact in her household. She and her co-borrower are requesting a loan for 1,000,000 KHR and 1,500,000 KHR, respectively. As a leader, she will spend her entire loan portion to buy fertilizer for her cassava farmland. She hopes to collect a better yield 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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,096,850
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samon's Group's $650 loan helped a member to buy fertilizer for her cassava farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2014
Listed
May 26, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015