Check out some available loans that are similar to this one!
Sreyneat's Group
In this Group: Sreyneat, Sreymom
A young 24-year-old mother of three little kids, Sreyneat is a paid rubber tapper at the rubber plantation at Kampong Cham province, where her residential area is, to earn a living. With the five-year engagement in the current occupation, she is able to earn up to 40,000 KHR (Cambodian riels) per day. However, the main challenge for her is the huge expenses related to transportation back and forth to the workplace from her house. To overcome this challenge, she joins a group of two to apply for a new loan as first-time borrowers.

She is seeking 4,000,000 KHR while her joint member is applying for 2,000,000 KHR. As the group leader, she will use her loan portion to buy a decent motorbike to support her occupation. She hopes that her transportation expenses will be reduced so she can use that money to cater for her children’s needs instead, especially in purchasing good food for her kids.

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
  • 101
    View loans »
    Cambodia Loans Fundraising
  • $35,491,700
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreyneat's Group's $1,525 loan helped a member to buy a decent motorbike to support her occupation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014