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Sreyvong's Group
In this Group: Sreyvong , Seam, Eang, Sokheng, Lorn
Originally from a rural village in the Banteay Meanchey province’s Mongkul Borey district of Cambodia, Sreyvong is aged 32 years and married with three dependent children (two daughters and one son). To sustain the family’s needs, she has been in rice farming on three hectares while her husband works as a paid worker in a local area to supplement the family’s income. Involved in this business for seven years, Sreyvong and her husband can earn about 25,000 KHR per day and manage to save about 7,000 KHR each day for the future. The main challenge is lack of working capital to support the current business.

Sreyvong has been with VisionFund for four cycles while the other members have been with VisionFund from two to five cycles. She has successfully used her past loans to improve her livelihood. Now she is leading her group of five females to request a loan. As the group leader, she is going to use her portion to buy fertilizer for her farmland and use a portion of the loan to build savings. She expects this loan will enable her to earn more income from the current business so as to achieve her dream of buying a tractor for helping in the paddy-rice business and a motorbike for commuting for her family.

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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,030,850
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreyvong's Group's $1,175 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 9, 2012
Listed
Sep 10, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013