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Sovanney's Group
In this Group: Sovanney, Saroeun, Chenda, Komsoeurng
Age 38, Sovanney is married with four children living in the Moung Russey district of Battabang province. Currently, she needs to care for only three children as they are still in school. She is able to deal with the daily food consumption by selling Chinese noodle and managing her half hectare of cassava crop. To help her in earning more income, her husband works as a blacksmith. The current business has returned her about 31,900 KHR per day.

In her group, there are four members, three second-cycle clients and one four-time borrower. She has succeeded in making good use of her loan to sustain her business, the same as her lifestyle. Now, she is a group leader. The total loan amount that her group is requesting is 4,000,000 KHR. Sovanney, whose loan portion is 1,000,000 KHR, will use her loan portion to buy gasoline for pumping water, pesticide, and to pay labor fees. She hopes this loan will help her to support her business over time and to get back a good yield.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,565,475
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sovanney's Group's $1,025 loan helped a member to buy gasoline for pumping water, pesticide, and to pay labor fees.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 7, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014