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Noern's Group
In this Group: Noern, Boern
Noern, 50, is a married mother living in a rural village of the Bovel district of Battambang province. She has five children. She is a hard-working farmer who grows rice and raises pigs. Together with hard work, they can earn about 54,000KHR per day and save about 30,000KHR each day for future needs.

Noern has been with VisionFund for eight cycles. Now she is leading her group to ask for a loan. As the leader, Noern is going to use her portion to buy piglets and pig feeds. She hopes to fatten her pigs to sell them for a good price.

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
  • 128
    View loans »
    Cambodia Loans Fundraising
  • $36,596,800
    Funds lent in using Kiva
  • 4,050.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Noern's Group's $650 loan helped a member to buy piglets and pig feeds.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 9, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015