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Ngek's Group
In this Group: Ngek, Tuon
Ngek, 45, is a local farmer from Srey Snom district of Siem Reap province. She has four children, three of whom still rely on her as one is too young for schooling and two are in school. To struggle through her family’s hardship, she grows rice as the single source of income. This business generates about 11,400 KHR per day. Ngek, who was a first time borrower with VisionFund (Kiva’s partner) and fully repaid her past loan completely, formed a group of two to get a new loan. As the leader, she will spend her entire loan portion to buy fertilizer and to pay the plowing fee. She strongly believes that she can gain a better yield than before.

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.

About Cambodia

  • $2,600
    Average annual income
  • 165
    View loans »
    Cambodia Loans Fundraising
  • $35,951,550
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Ngek's Group's $500 loan helped a member to buy fertilizer and to pay the plowing fee.
65% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 9, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible