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Savann's Group
In this Group: Savann, Samoun, Chantha, Neang
Savann, age 55 and a widow living in Kampong Cham Province, is a farmer who grows rice on a hectare as her primary source of income. She sells grocery items in the area for supplementary income. For the 37 years that she has been involved in this business, she is able to earn up to 30,000 riels (KHR) per day.

Savann has been with VisionFund (Kiva’s partner) for the past three cycles. Her living conditions have improved gradually with her past loans, which she has repaid with success. Now, she is in a group of four members applying for a new loan. The total amount of the group loan is 5,400,000 KHR. Savann is going to use her loan portion of 1,400,000 KHR to buy fertilizer and rice seed for her farmland. She hopes to grow her paddy rice on time and make a good profit.

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
  • 292
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Savann's Group's $1,375 loan helped a member to buy fertilizer and rice seed for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 11, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014