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Sovann's Group
In this Group: Sovann, Muy
A married mother of two children, Sovann is 33 years old and lives in a rural village of the Sangke district in Cambodia. All of her children are dependent on her and still in school. To support her family, she and her husband farm rice on six hectares of land as the main source of the family’s income. They have been in this business for several years.

Sovann has been with Kiva’s parter, VisionFund, for five cycles, while the other member of her group has been with VisionFund for four cycles. Sovann completely paid back the past loans which have helped her to expand her current business. Now she is leading her group of two to ask for a loan of 1,400,000 KHR each. As the leader, she is going to use her portion to buy fertilizer and pesticides for her farmland and spend a portion of it for water pumping. Sovann hopes this loan will enable her to increase her family’s income 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
  • 194
    View loans »
    Cambodia Loans Fundraising
  • $36,978,250
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sovann's Group's $725 loan helped a member to buy fertilizer and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 15, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014