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Sreymov's Group
In this Group: Sreymov , Vich, Somoun, Huk, Soy
Originally from the Moung Russey district of Battambang province, Cambodia, Sreymov is 24 years old and has one dependent son who is under school age. To make a living, she and her husband have been farming rice on one hectare of farmland and earning additional income through growing beans and sesame, and by sometimes working as a paid construction worker in a local area. They have been in this business for several years. Together, they are able to earn about 20,000 KHR per day and manage to save about 14,000 each day after daily expenses. Low crop yield resulting from the drought is the main challenge for Sreymov's business.

Sreymov’s group consists of five members who live in the same village. She and three other members have been with VisionFund for one cycle while the fifth member is in the first cycle with VisionFund.

Sreymov's past loan helped her support her family in living better. Now the leader of her group, Sreymov will use her portion to buy fertilizers and rice seeds for her farmland and to pay for labor costs. She hopes this loan will help her current business grow and will increase her income so as to improve her family’s lifestyle.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 4,068.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreymov's Group's $1,450 loan helped a member to buy fertilizers and rice seeds for her farmland and to pay for labor costs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013