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Len's Group
In this Group: Len, Phy Na
Kampong Cham province is the residential area of Len and her family, consisting of eight children. Her family relies mostly on their paid working jobs at a brick kiln site. She has involved in farming for ages and can earn up to 31,000 KHR per day. Len and her co-borrower, in a group of two, have been with VisionFund (Kiva’s partner) for one loan successfully repaid. Now, Len is a group leader. She will spend her entire loan portion in order to buy rubber tree seedlings for growing. She hopes that this new type of business will improve her income than before

Additional Information

More information about this loan

This loan will enable an entrepreneur to start up their own business. VisionFund Cambodia had designed this loan product to target young entrepreneurs with specific technical training or who want to expand into a new line of work. The organization equips all of its clients with financial education and training to help them run successful businesses.

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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,049.9
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Len's Group's $550 loan helped a member to buy rubber tree seedlings for growing.
68% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible