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Chea's Group
In this Group: Chea, Ngorl
Chea, 32, lives in a rural village in the Battambang province’s Moung Russey district. She is a married mother of three children. Her family’s income comes from leasing a rice paddy.

Chea has been in this business for 22 years to make a living. From the current business, she can earn about 80,000 Cambodian riels (KHR) per day and manage to save about 20,000 KHR per day for future needs.

Chea has been with VisionFund for four cycles. Now, she is leading her group in this request for a loan. As the leader, she will use her portion to buy fertilizers for her farmland. She hopes to make 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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,565,475
    Funds lent in using Kiva
  • 4,012.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chea's Group's $700 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 12, 2014
Listed
Jun 15, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015