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Ron's Group
In this Group: Ron, Ret
Ron is a mother of two little kids and local villager from Bovel district of Battambang province. Rice farming on one hectare of farmland is the main source for her to earn income and a paid job for supplementing her income. She has engaged with this business for five years with 21,900 KHR in return. She is a the first-time borrower with VisionFund (Kiva’s partner) and she is a leader for the loan. She and her joint-borrower are requesting loans for the same amount, i.e., 1,000,000 KHR each. As a leader, she will spend her entire loan to pay for plowing, labor fees and for purchasing seed. She hopes to increase her income and to improve her living situation over what she now has.

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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,041.4
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Ron's Group's $500 loan helped a member to pay for plowing, labor fees and for rice seed.
50% 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