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Sarong's Group
In this Group: Sarong , Sor
A villager from a rural area in the Battambang province’s Ek Phnom district, Sarong is 27 years old and married, with one dependent son who is too young for school. She earns a living through buying and selling chickens in her local area, while her husband is a rice farmer. They have been in this business for 10 years. Together, Sarong and her husband earn about KHR 25,000 per day from the current business and can save about KHR 5,000 each after deducting daily expenses.

This Sarong's sixth loan with VisionFund. She has successfully repaid her other loans. The loans from VisionFund have helped her support her family better. Now leading her group to apply for a loan, Sarong wants to use her portion to buy fertilizers and pesticides for her farmland and to buy chickens to resell. She hopes to earn more income from her current business so as to make a better living.

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
  • 262
    View loans »
    Cambodia Loans Fundraising
  • $37,493,750
    Funds lent in using Kiva
  • 4,013.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarong's Group's $600 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 25, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013