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Sabon's Group
In this Group: Sabon, Saron
Sabon, 46, lives in a rural area of the Kror Kor district of Pursat province, Cambodia. She has three children, all of whom are dependent on her and still in school. The main sources of family income are from rice farming and making palm juice. She and her husband have been in these businesses for five years. The current businesses earn her about 24,000KHR per day and allows her to save about 10,000 KHR each day after offsetting daily expenses.

Sabon’s group consists of two members who live in the same village and she is in her first microloan with VisionFund. She is now leading her group to ask for a loan. As the leader, she is going to use her portion to buy fertilizer and pesticides for her farmland. She hopes this loan will enable her to grow her rice healthfully and fruitfully so as to improve her living condition.

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
  • 103
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sabon's Group's $300 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013