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Naren's Group
In this Group: Naren, Pak, Phy, Sangly
Naren is a resident from Ou Reang Ov district located in Kampong Cham province. In the family consisting of two dependents, she secures the basic needs for her family via rice and cassava cropping as the main source of income and works as a paid-worker as the secondary source of income. This business earns her about 24,000 KHR per day.

This is the first cycle for her group to get a new loan from Kiva’s partner, VisionFund. The whole group requests a loan with a total amount of 3,500,000 KHR of which 800,000 KHR is Naren’s portion. She plans to use the loan to buy fertilizer and pay for labour fees for her rice crop farm and cassava plantation. She optimistically hopes that the loan will enable her to increases her income to better support her family.

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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Naren's Group's $875 loan helped a member to buy fertilizer and pay for labour fees for her rice crop farm and cassava plantation.
56% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 7, 2014
Listed
Jun 10, 2014
Currency Exchange Loss:
Possible