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Sivorn's Group
In this Group: Sivorn, Kimseang
Sivorn, 33, is a mother of two sons who currently are working at a local organization in the community. She has been involved in producing rice wine as her major source of income. She also raises pigs and sells hashed roll meat wrapped in banana leaves (the most popular dessert in Battambang for Cambodians) for extra income. Sivorn's group consists of two female members; she is the group leader and she is a first-time borrower with VisionFund while the other member is a sixth-time borrower. She and her partner are seeking a new loan of 500,000 KHR and 300,000 KHR, respectively. As the group leader, she will use her loan portion to buy materials for producing her rice wine, including yeast and rice. She expects to make more income so as to improve her living condition.

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
  • 194
    View loans »
    Cambodia Loans Fundraising
  • $36,978,250
    Funds lent in using Kiva
  • 4,073.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sivorn's Group's $200 loan helped a member to buy materials for producing her rice wine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 11, 2012
Listed
Aug 14, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013