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Sareth's Group
In this Group: Sareth, Phoeurng, Mom
Sareth, a mother of four children in her early 40s, is a local farmer who strives for a living via rice cropping on three hectares area, and working as a schoolteacher in the area. She has been involved in the current business for 10 years.

With this loan, she and her co-borrowers in the same group of three are fourth-time borrowers with VisionFund (Kiva’s partner). She has fully repaid her past loan wisely to uplift her livelihood. Now, all of the members, including her, are taking out a loan of 1,400,000 KHR each. As the leader, she will spend her loan portion to buy fertilizer, gasoline, and to pay for labor costs.

She hopes that she can gain double the yield from her crops and earn a better income than last year.

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
  • 4,065.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sareth's Group's $1,050 loan helped a member to buy fertilizer, gasoline, and to pay for labor costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014