Touch, 41, is married and lives with her family in a village in the Thmor Koul district of Battambang province, Cambodia. She has one son, who is still in school. For the past 10 years, Touch and her husband have been farming rice on a one-hectare farm as main source of the family’s income. Together, they can earn about 37,000 KHR per day from the current business. Touch has been with VisionFund for three cycles and completely repaid her past loans. The loans she successfully repaid have helped her support her family, with sufficient food. Now she is leading her group to apply for a loan. Touch will use her portion of her loan to buy piglets to raise, in order to earn extra income. She hopes this loan will enable her to earn more income for her family.
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.