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Komsot's Group
In this Group: Komsot, Saren
Komsot is 29 years old and married. She lives with her husband and three children in a rural area of the Ek Phnom district of Battambang province. All of her children are in school. She and her husband have been engaging in fishing for several years and complement the income by working for others for a fee. Together they can earn about 50,000KHR per day and manage to save about 15,000KHR each day after offsetting daily expenses.

Komsot is in the second cycle with Kiva’s partner, VisionFund. She completely paid back the loan, which has helped her improve her family’s living condition. Now she is leading her group of two to request a loan. As the leader, Komsot is going to use her portion to buy cast nets and other materials for supporting her fishing business. Through this loan, she hopes to catch more fishes so as to better her standard of living and keep her children in school.

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
  • 329
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,036.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Komsot's Group's $475 loan helped a member to buy cast nets and other materials for supporting her fishing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 3, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013