Check out some available loans that are similar to this one!
Sarom's Group
In this Group: Sarom, Roun
Sarom resides in a rural village of Moung Russey district located in Battambang province in Cambodia. She is 44 years of age and a married mother of seven children, four (one daughter and three sons) of whom are dependent on her and currently in school. Sarom makes her living via farming rice on a two-hectare plot of farmland. Having been in this business for ten years, she is able to earn about 20,000 Cambodian riel (KHR) per day and save approximately 10,000 KHR after canceling out daily expenses. Sarom has been with VisionFund, Kiva's partner, for five loan cycles already. The previous loans have helped her relieve the burdens of her family and make the family's living standard so much better. Now she is in need of money to support her rice field, thus, Sarom is leading a group who has just been with VisionFund for the first time. They are taking out a loan in the amount of 2,400,000 KHR in total. With her requested loan portion, which is 1,400,000KHR, Sarom will utilize it to support her rice field by buying fertilizer and rice-seed. This industrious woman, Sarom, hopes that via the help of her loan portion she will be able to increase her crop yields as well as income so that she can use the anticipated income to keep her children in school and advance their education as far as possible.

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
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarom's Group's $625 loan helped a member to buy fertilizer and rice-seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 20, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013