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Naly's Group
In this Group: Naly, Chenda, Phorng, Sophal
A young mother of 25 years old and a villager from Battambang district, Naly is a local farmer who grows rice and maize in order to support her two dependent children who are too young for schooling. To earn more income, she sells desserts as well. This is not a first-time loan for Naly with VisionFund (Kiva’s partner). She has repaid her past loan completely and it has enabled her to uplift her lifestyle at a gradual pace.

Now, in a group of four, she is the leader. Naly will spend her entire loan portion to pay her plowing fee, transplanting fee, and to buy good seed. She sincerrely hopes that she can gain more income to improve her lifestyle gradually.

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
  • 307
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Naly's Group's $1,500 loan helped a member to pay plowing fee, transplanting fee, and to buy good seed.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 9, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015