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Samart's Group
In this Group: Samart, Pheap
Living in a wooden house located in the Moung Russey district of Battambang province, Samart is 38 years old and married. She has five children, four of whom are still school. To make a living, she and her husband have been farming rice for 10 years. The current business earns them about 34,000 Cambodian riels (KHR) per day, and they manage to save about 20,000 KHR each day for their future needs.

Samart has been with VisionFund for three cycles and completely paid back the past loans, all of which have helped her make her living better. Now she is leading her group of two to ask for a loan. As the leader, Samart wants to use her portion to buy fertilizers and pesticides for her farmland. With this loan, she hopes to grow her business and earn a larger income to improve her standard of living and send her children to school.

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
  • $36,189,425
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samart's Group's $625 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 21, 2013
Listed
Jun 18, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014