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Saron's Group
In this Group: Saron, Tola
Saron, 34, is married with two children, residing in a rural village in the Kampong Cham province’s Ponhea Krek district, Cambodia. One child is dependent upon her and attends school.

For the last fourteen years, Saron has been farming rice and growing cassava as primary sources of her family’s income. Sometimes her husband works for others for a fee. They can earn about 26,000KHR per day and manage to save about 10,000KHR each day after offsetting daily expenses.

Saron is with VisionFund for this loan cycle. She is leading her group to ask for a loan of 1,000,000KHR each. As the leader, she is going to use her portion to buy fertilizer for her farmland and to pay for labor.

Saron hopes this loan will enable her to increase her income and fulfill her dream to have a decent home to live in.

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
  • 195
    View loans »
    Cambodia Loans Fundraising
  • $36,978,250
    Funds lent in using Kiva
  • 3,991.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saron's Group's $525 loan helped a member to buy fertilizer for her farmland and to pay for labor.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 2, 2013
Listed
May 4, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014