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Savang's Group
In this Group: Savang, Pak, Chantha
Savang is 45 years old and the mother of six children, residing in Bakan district of Battambang province. To cover the daily cost of living, she does rice cropping and her husband catches fish to sell and builds houses for a fee. She has been involved in the current business for 29 years, earning about 18,200 KHR per day. Savang is a first-time borrower with VisionFund (Kiva’s partner). In this cycle, she leads a group of three to get a new loan. As the leader, she will spend her loan portion to buy a fishing net and boat for her husband to catch more fish. She hopes to gain a good income from her business and keep her kids in 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 128
    View loans »
    Cambodia Loans Fundraising
  • $35,084,000
    Funds lent in using Kiva
  • 4,083.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Savang's Group's $750 loan helped a member to buy a fishing net and boat for her husband to catch more fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 16, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014