Check out some available loans that are similar to this one!
Sovannary's Group
In this Group: Sovannary, Theab
Sovannary is a 30-year-old mother of two daughters who are still in school. She is a grocery shop owner in her village, selling various kinds of items in order to earn a living for the family’s sake. She has been in this business for 10 years. To supplement the family income, her husband also works for others for a fee.

Sovannary has been with VisionFund (Kiva’s partner) for ages. Her past six loans have been completely repaid already. These past loans have made a positive impact, upgrading her lifestyle progressively. Now, she is in a group of two applying for 1,400,000 riels each. As the group leader, she will use her portion to buy more grocery items for resale including salt, eggs, instant noodles, spices, etc. She hopes to replenish her grocery items in good time so that she can absorb more clients and earn more profit for her family – especially so that she can 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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,965,175
    Funds lent in using Kiva
  • 3,983.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sovannary's Group's $725 loan helped a member to buy grocery items for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013