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Savy's Group
In this Group: Savy, Phorn, Sokha
Living in a wooden house located in Battambang province’s Thmor Koul district, Savy is now 44 years old and married. She has six children, three who are dependents and are still in school. Savy and her husband are farmers and they supplement the family’s income by working for others for a fee. Having been in the business for four years, they are able to make 30,000KHR daily and manage to save about 10,000KHR each day.
This is the eighth loan for Savy with Kiva’s partner, VisionFund. She completely paid back the past loans which have helped her better support her family with sufficient food. Now she is leading her group of three to ask for a loan. As the leader, she wants to use her portion to buy fertilizers for her farmland and use a portion of it on water pumping. She hopes this loan will boost her rice plantation and also grow healthy crops to make more income to improve her living conditions.

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
  • 167
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Savy's Group's $650 loan helped a member to buy fertilizers for her farmland and pay for water pumping.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 6, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014