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Samit's Group
In this Group: Samit, Vet
Samit, age 45, is married and a mother of five children. The rest of her family is residing in the Moung Russey district of Battambang province, where her agribusiness is running. She has been with this business for 25 years.

Samit and her joint member are new to VisionFund (Kiva’s partner). In this first loan, they are seeking 1,000,000 KHR (Cambodian riels) each. As the leader, she will spend her loan portion to buy petrol for her hand tractor and potash to support her farmland. She highly expects a good yield, better than last year, and to make more income.

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
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,086.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samit's Group's $500 loan helped a member to buy petrol for her hand tractor and potash for her crop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 27, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014