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Saron's Group
In this Group: Saron, Rany
Saron is a 56-year-old widow with two children. She lives in a rural village located in the Kror Kor district of Pursat province. She has been involved in buying and selling fishes in the local area, and she also raises pigs to earn additional income for her family. She has been in this business for 15 years, earning about 42,000 Cambodian Riels (KHR) per day, and she is able to save about 20,000 KHR each day.

Saron’s group consists of two members who have both been with VisionFund for two cycles. Saron completely repaid the loans which have helped her to better support her current business. Now, she is leading her group to ask for another loan of 1,400,000 KHR each. Saron is mainly going to use her portion to buy fishes for resale, but will also use some of it to buy piglets for raising. She hopes to earn more income from her current business to make a better living.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saron's Group's $700 loan helped a member to buy fishes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014