Check out some available loans that are similar to this one!
Kong's Group
In this Group: Kong, Noy
Kong, 46, is a villager from Dambae district of Kampong Cham province. She is married and blessed with three children. Cassava growing and rice farming are the main sources for her to earn income. She is able to earn about 56,000 KHR per day and she can manage to save about 25,000 KHR each day after daily expenses.

She has been with VisionFund (Kiva’s partner) for four past loans which have been fully paid back and have had a positive impact in her household. Now, she is applying for the new loan. She is now leading a group to seek the new loan. As a leader, she will spend her entire loan portion to buy pesticide and to pay for plowing for her farmland. She hopes that her cassava will produce a better yield so as to sell it at a good price.

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
  • 225
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Kong's Group's $650 loan helped a member to buy pesticide and to pay for plowing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015