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Men's Group
In this Group: Men, Sareon
Men is 45 years old, and he has two children, both of whom are dependent on him and in school. He is a villager from a rural area located in the Moung Russey district of Battambang province, Cambodia. Rice farming is the main source of the family’s income. He supplements his income by raising pigs. He has been in this business for thirteen years. He earns approximately 11,000 KHR per day from the current business, and he can manage to save about 6,000 KHR each day.

Men’s group consists of two members, who have been with Kiva’s partner, VisionFund, for one loan cycle. They successfully paid back the prior loan. Men is leading the group to apply for a new loan with VisionFund. As the leader, Men is going to use his portion of the loan to buy fertilizers for his farmland and to buy piglets for raising. Men hopes to increase his income so as to improve his family's living conditions, and to keep his 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
  • 97
    View loans »
    Cambodia Loans Fundraising
  • $35,491,700
    Funds lent in using Kiva
  • 4,002.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Men's Group's $175 loan helped a member to buy fertilizers for rice, and additional piglets to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 22, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013