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Vy's Group
In this Group: Vy, Thon
Vy is from a rural area located in the Moung Russey district where rice farming is a common way to earn a living. She is 46 years old, and as a mother of seven children, she has struggled to feed her family by farming rice and working for others for a fee. Having been in the business for 11 years, the current business earns her approximately 59,000 KHR per day.

Vy has been with Kiva’s partner, VisionFund, for one cycle and she completely paid back her past loan. Now she is leading her group of two to apply for a loan. As the leader, she wants to use her portion to buy fertilizers for her farmland. She hopes to make more income so as to improve her lifestyle.

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
  • 203
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,049.9
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Vy's Group's $500 loan helped a member to buy fertilizers for her farmland.
25% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 16, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
Possible