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Soeur's Group
In this Group: Soeur, Pheng
Soeur is 35 years old and a mother of two children who are still in school. She struggles for a living; she has been growing rice and cassava for 15 years.

This current business earns her about 36,700 KHR per day. This is the third cycle loan for Soeur, and the first cycle for her joint borrower. She has completely repaid her last two loans, and has helped her to ease her family's financial burden. Now she is leading her group to request a new loan.

As the leader, she will spend her entire loan portion to pay for plowing and labor fees.

She hopes to expand her business and to do bean farming to increase her 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Soeur's Group's $600 loan helped a member to pay for plowing and labor fees.
99% 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