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Chamnab's Group
In this Group: Chamnab, Saroem
Chamnab, 33, is married with three children residing in a rural village located in the Battambang province province’s Kam Rieng district. For the last seven years, she and her husband have been farming rice and cassava. The current business earns her about 39,000 KHR per day to meet the family’s needs.

Chamnab has been with VisionFund for one cycle while the other member is just with VisionFund for this cycle. The past loan from VisionFund helped Chamnab better support her family. Now leading her group to apply for a loan, Chamnab will use her portion to buy seeds and plow her farmland. She will also use a portion of it to spend on labor fees. She hopes to earn more income from her rice paddy to improve her standard of living.

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
  • $36,200,725
    Funds lent in using Kiva
  • 4,102.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chamnab's Group's $1,950 loan helped a member to buy seeds and to plow her farmland.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 10, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014