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Sarieng's Group
In this Group: Sarieng, Keo
Sarieng is 34 years old and living in the village of the Sangke district of Battambang province, Cambodia. She is a widow and has two dependent children who are still in school. To support her family, Sarieng has been selling fish and raising pigs for three years. From her current business, she can earn approximately KHR 20,000 per day for her family’s daily needs.

In this group of two members, Sarieng is the group leader. She has been with VisionFund for seven cycles and completely paid back the past loans which have helped her to earn a better living. Now she and her co-member are applying for a new loan of KHR 1,400,000 KHR and 1,200,000 KHR, respectively. As the group leader, she is going to use her portion to buy more piglets for raising and fishes for sale. She hopes this loan will enable her to live in proper conditions and keep her children in school.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,105.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarieng's Group's $650 loan helped a member to buy piglets for raising and fishes for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 14, 2012
Listed
Jul 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013