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Chhit's Group
In this Group: Chhit, Rom
A villager from a rural area located in the Battambang province’s Moung Russey district, Chhit is 27 years old and is married with two children. She has earned a living through farming rice and working as paid worker for seven years. She can earn about KHR 70,000 per day from the current business and can save about KHR 30,000 each day for future needs.

This is the sixth loan for Chhit with VisionFund. Now she is leading her group to seek a loan. As the leader, Chhit wants to use her portion to buy fertilizers and seeds 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
  • 197
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,009.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chhit's Group's $700 loan helped a member to buy fertilizers and seeds 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:
Mar 19, 2015