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Sreyneang's Group
In this Group: Sreyneang, Run
Sreyneang, 34, lives with her three children in a village of Kampong Cham province’s Tbaung Khmum district, Cambodia. She still has two children to take care of and they are still in school, while the other one helps the family’s business. To make a living, she has been working as a garment worker for 14 years. To increase her income, she also sells grocery items in her village. She is able to earn about 20,000 KHR each day after expenses.

Sreyneang has just joined with VisionFund this cycle while the other member has been with VisionFund for one cycle. Now she is leading her group to ask for a loan. As the leader, she is going to use her portion to buy more grocery items to sell. With this loan, Sreyneang hopes to increase her family’s income to make their lives better.

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
  • 153
    View loans »
    Cambodia Loans Fundraising
  • $35,794,075
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreyneang's Group's $575 loan helped a member to buy more grocery items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Apr 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014