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Saream's Group
In this Group: Saream, Sopha, Kim
Saream is 29 years old and a married father of one baby daughter. The family lives in a rural village in the Thmor Koul district of Battambang province, Cambodia. Saream has been rice farming on two hectares for five years to support his family. He is able to earn about KHR10,000 per day. The main challenge for him is the lack of working capital for supporting the business.

Saream’s group consists of three members. He has been with VisionFund for one cycle, while the other members are new clients. The past loan helped him earn a better living. Now he is asking for a new loan with VisionFund. As the group leader, Saream will use his portion to buy fertilizer and rice seeds and for plowing. He hopes that his business will become more profitable so as to make his family’s condition better.

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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,965,175
    Funds lent in using Kiva
  • 4,113.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saream's Group's $575 loan helped a member to buy fertilizer and rice seeds for farming.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 21, 2012
Listed
Jul 17, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013