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Sarom's Group
In this Group: Sarom, Channea
Sarom is a 58-year-old single woman who lives in a village in the Ponhea Krek district of Cambodia, where farming is a common way to earn a living. She cultivates rice and plants cassava. To earn more income, Sarom sometimes works for others. She has been in the cassava and rice farming business for 2 years and 32 years, respectively. She currently earns almost US $4 per day.

This is Sarom’s first group loan with Kiva’s field partner, VisionFund. She and her group member are applying for a loan of KHR 1,000,000 each. As the leader, Sarom will use her entire loan to buy fertilizer and to plant cassava. With this loan, she hopes to increase her crop yield.

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
  • 257
    View loans »
    Cambodia Loans Fundraising
  • $37,533,925
    Funds lent in using Kiva
  • 4,063.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarom's Group's $500 loan helped a member to buy fertilizer and to plant cassava.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 4, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013