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Phung's Group
In this Group: Phung, Yeam, Kim
Phung’s group live in a rural village in Prey Veng province in Cambodia. Phung makes a living cultivating rice and she does extra work as farm laborer to support her family. In their village there is no reliable access to safe, clean drinking water. Having a water filter at home will help each of these women to safeguard the health of their families and save money on medical expenses and save time collecting fuel and boiling water .

Additional Information

More information about this loan

This loan product will enable households to buy a ceramic water filter that will ensure their health by providing sustained access to safe drinking water. It will also reduce the time and money they spend collecting fuel and/or boiling water to drink.  The iDE staff provides training to households so that they are educated in safe hygiene practices and the importance of drinking safe water – particularly for young children who are most vulnerable to waterborne diseases.

This loan product was initially developed in partnership with local microfinance institutions (partnerships which continue), however, iDE determined it could reach more households in need by managing their own credit program.  Since lending is not their core business, this loan may carry more risk.  

About iDE Cambodia:

iDE is an international non-profit organization with a unique market-based approach to poverty reduction. iDE helps to build profitable enterprises and value chains that deliver sustainable social and economic benefits to poor, rural households, enabling them to increase their income and improve their quality of life.

Kiva’s partnership will enable iDE Cambodia to implement two of its loan products-one that focuses on increasing the incomes of smallholder farmers and one that provides clean drinking water to households. iDE hopes to provide a greater number of low-income individuals living in rural poverty, with opportunities and a higher chance of success through Kiva.

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.

About Cambodia

  • $2,600
    Average annual income
  • 262
    View loans »
    Cambodia Loans Fundraising
  • $37,493,750
    Funds lent in using Kiva
  • 4,040.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phung's Group's $125 loan helped a member to buy a water filter to provide safe drinking water for their family.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014