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Saroeub's Group
In this Group: Saroeub, Bo, Korng
A widowed mother of seven kids—two of whom are still in school, Saroeub is 53 years old and she grows rice and beans on two hectares as the main sources of her income. She can earn about 44,200 KHR per day and manages to save 19,900 KHR each day after the family’s expenses have been deducted.

This is the sixth microloan for Saroeub with VisionFund, Kiva’s partner. She has completely paid back the loans and they have helped her family to have decent food. Now she is leading two of her group members to ask for a loan in amount of 1,400,000 KHR each. As the leader, she will spend her loan portion to buy fertilizer and rice seed for her farmland. She hopes to gain more yield from her crops so as to extend her farming business.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,076.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saroeub's Group's $1,050 loan helped a member to buy fertilizer and rice seed for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 27, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013