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Saroen's Group
In this Group: Saroen, Boyy, Rey
Saroen, 32, lives with her family members in a rural village of the Pursat province’s Kror kor district, Cambodia. She has three dependent children who are still in school. For the last 12 years, she and her husband have been farming rice and raising pigs as the main sources of their family’s income. The current business earns her about KHR20,000 per day.
This is the second loan for Saroen’s group of three with VisionFund. The past loans have helped her better support her family with sufficient foods. She and her group are applying for a loan. As the leader, she will use her portion to buy pig feed for nourishing them and use a portion of it to spend on buying a plot of farmland for expanding her farming business. She hopes to fatten her pig so as to sell them for a good price to improve her standard of living and keep her 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
  • 127
    View loans »
    Cambodia Loans Fundraising
  • $36,166,675
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saroen's Group's $950 loan helped a member to buy pig feed for nourishing them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 13, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013