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Kong's Group
In this Group: Kong, Sophen
Kong, originally from the Phornhea Krek district of Kampong Cham province, is a farmer who plants cassava and rice for income. She is married and blessed with two kids, one of school age and one under school-age.

The business that she has had for ages has earned her a decent income. She is a second-time borrower with VisionFund (Kiva’s partner). She has fully repaid back her past loan which had a positive impact on her family.

Now she is seeking a new loan with VisionFund (Kiva’s partner) and she is a leader. She is applying for a loan in the amount of 1,500,000 KHR and she is planning to use her entire loan portion to buy fertilizer for her cassava field. She hopes to gain a better yield than before.

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.

About Cambodia

  • $2,600
    Average annual income
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 4,009.8
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Kong's Group's $625 loan helped a member to buy fertilizer for her cassava field.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 23, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible