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Samoeun's Group
In this Group: Samoeun, Oun
A villager from the Dambae district, Samoeun is a 32-year-old mother of two dependent sons and one of them is still in primary school. She has been farming rice and planting cassava as the family’s main source of income for several years. This business earns her around 130,000KHR per day. With her current business, she has been challenged with the decrease of cassava’s price.

This is the third loan for Samoeun and the first loan for her group, Oun with VisionFund. Having been with VisionFund for two loan cycles, she can afford to purchase a hand tractor for her farming work. She is now leading her group of two to apply for a loan. As the leader, she wants to use her portion to buy fertilizer for farmland. She hopes to increase her crops and sell it for a good price, so as to improve her standard of living.

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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,044.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samoeun's Group's $1,750 loan helped a member to buy fertilizer for farmland.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 18, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013