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Lak's Group
In this Group: Lak, Sen, Noeurn
Lak is 39 years old and he has five children, three daughters and two sons, all of whom are dependent on him and are in school. He is a villager from a rural area located in the Dambae district of Kampong Cham province, Cambodia, where rice farming is the main source of the family’s income. He supplements his income by planting cassava on 1.5 hectares of land. He has been in this business for fourteen years. He earns approximately 15,300 KHR per day from the current business but he can manage to save about 11,300 KHR each day.

Lak has been with Kiva’s partner, VisionFund, for two cycles and successfully paid back the loans, while his group members have been from the first cycle. He is leading the group to apply for a loan with VisionFund. As the leader, Lak is going to use his portion to buy fertilizers for his farmland and use a portion of it to plant rubber tree seedlings to earn more income. He hopes to increase his income so as to improve his family's living conditions.

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
  • 69
    View loans »
    Cambodia Loans Fundraising
  • $41,838,300
    Funds lent in using Kiva
  • 4,083.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Lak's Group's $575 loan helped a member to buy fertilizers for his farmland.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Jun 22, 2012
Jul 22, 2012
Currency Exchange Loss:
May 18, 2013