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Sreang's Group
In this Group: Sreang, Sopheak
Sreang, 46 years old, is a resident residing in a rural village of Moung Russey district located in Battambang province, Cambodia. She is married and has seven children. Sreang makes her living by growing corn and peanuts on a four-hectare plot of land. This industrious woman has been involved in her current business for more than ten years, earning around 37,000 KHR daily. This is Sreang’s seventh time requesting a loan via Kiva's partner VisionFund,. The previous loans have enabled her to better support her family. To better support her current business, Sreang is leading a loan group of two female members to take out a loan with VisionFund in the amount of 2,400,000 KHR in total. As a group representative, Sreang will use her portion of the loan, which is 1,400,000 KHR, to purchase fertilizer. Using this loan, Sreang expects to see a boost in her current business as well as the living conditions of her 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,592,775
    Funds lent in using Kiva
  • 3,999.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreang's Group's $625 loan helped a member to purchase fertilizer.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 6, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013