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Saran's Group
In this Group: Saran, Mab, Sarorn
A villager residing in Pursat province’s Kror Kor district of Cambodia, Saran is 28 years of age and married. She has four lovely dependent kids, all of whom are school-aged children. To earn a decent life for her family, Saran works as a rice farmer on one and a half hectare of farmland while her husband complements the income by working as a construction worker. Together, they earn approximately 23,500KHR per day. Saran is a fourth-time borrower with VisionFund (Kiva’s partner). Thanks to the previous loans, Saran was able to take care of the food need for her family. Now in hope of running a new business, Saran is leading a group of three members to take out a loan in the amount of 3,800,000KHR in total. As a group leader, Saran will use her loan portion as working capital so that she has enough money needed to run her new business, which is a pig-raising business. She will use some portion of her loan to purchase pigs to raise and a portion to build a proper piggery in order to shelter them from the elements. Saran strongly hopes that her pig-raising business runs smoothly and provides greater income so that she can better support her beloved 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,208,750
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saran's Group's $950 loan helped a member to buy pigs to raise and to build piggery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013