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Thach's Group
In this Group: Thach, Chan, Soert
Thach is 63 years old living with her husband and seven daughters in a rural village of the Sangke district of Battambang province.

Rice farming is the main source for her family’s income and she has been farming for about 11 years. Her current business earns about 60,000KHR daily, and she is able to save 40,000KHR each day.

This is the eighth loan for Thach with VisionFund. She paid back the past loan with VisionFund and is now leading her group to apply for a loan.

As the leader, Thach will use her portion to buy fertilizers and seeds for her farmland. She hopes to earn 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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Thach's Group's $1,150 loan helped a member to buy fertilizers and seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015