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Reat's Group
In this Group: Reat, Mao
Originally from a rural village of Battambang province’s Kam Rieng district, Reat is a 62-year-old mother of seven children. She has been farming rice and planting sugarcane for 10 years. Together, she and her husband can earn about 49,000 KHR per day from the current business and can manage to save about 25,000 KHR each day.

Reat has been with VisionFund for two cycles and completely paid back the past loan. Now she is leading her group to ask for a loan. As the leader, Reat wants to use her portion to buy fertilizers and seeds for her farmland. She hopes this loan will enable her to earn more income from her current business.

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
  • 328
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,050.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Reat's Group's $825 loan helped a member to buy fertilizers and seeds for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 8, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015