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Prom's Group
In this Group: Prom, Neang
Prom is 63 years old and married with two children. He and his wife have been farming rice for 21 years and supplement their family’s income by working for others for a fee.
Prom has been a member of VisionFund for three loans and completely paid back the past loans. As the group leader, he is asking for a new loan and will use his portion to buy fertilizer and pesticide for his farmland. He hopes this loan will enable him to increase his crop yield and make a better living.

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
  • 180
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Prom's Group's $600 loan helped a member to buy fertilizer and pesticide for his farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 7, 2014
Listed
Jun 10, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015