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Sinoun's Group
In this Group: Sinoun, Khem
Sinoun, a young 27-year-old mother of two little kids, is a local citizen from Sa Ang district of Kandal province,Cambodia. She is a grocery vendor in her local area and her husband works for others for a fee as a truck driver. She is able to earn up to 20,000 KHR per day from the current business that she has occupied for 7 years.

Having been with VisionFund (Kiva’s partner) for three cycles, she feels empowered and sure that she can provide decent daily food for her kids and improve her lifestyle in a gradual manner. Now, she is in a group of two to apply for a new loan. As the group leader, she will use her loan portion to buy more grocery items for resale. She hopes that she can refill her grocery stock on time and make more income for her family’s sake.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sinoun's Group's $525 loan helped a member to buy more grocery items for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014