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Pon's Group
In this Group: Pon, Mom
Pon, a mother of two children, is 54 years old and a resident from Battambang province. Her main sources of income are from cassava farming, her occupation as a government officer, and her paid-working job. Pon, who has had three loans with VisionFund (Kiva’s partner) and has fully repaid back her past loan, teamed up in a group of two to get a new loan. As the leader, she will spend her entire loan portion to pay for plowing fee, to buy rice seed, and to settle the transplanting fee. She hopes to replant her crop on time so that she can gain a good yield.

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
  • 190
    View loans »
    Cambodia Loans Fundraising
  • $36,987,750
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Pon's Group's $850 loan helped a member to pay for plowing fee, to buy rice seed, and to settle the transplanting fee.
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:
Apr 17, 2015