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Yen's Group
In this Group: Yen, Sopheak, Kam, Sorphorn
Yen, 54 years old, is a married mother of seven children living in a rural village of the Bovel district in Cambodia. To support her big family, Yen and her husband have been farming rice and working for others for a fee. The current business earns her about 70,000 KHR per day.
Yen’s group consists of four members, and she is the leader. She is the third cycled client with VisionFund. She has successfully used the past loans from VisionFund to better support her family. With this loan, she will use her portion to buy fertilizers and seeds for her farmland and use a portion of it to spend for land plowing. She hopes to increase her crop yields and sell it for a good price to make a better living.

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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,009.8
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Yen's Group's $1,150 loan helped a member to buy fertilizers and seeds for her farmland.
52% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 21, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible