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Saveung's Group
In this Group: Saveung, Keav
Residing in Dambae district of Kampong Cham province, Saveung is 31 years old and a mother blessed with three children who are currently in school. To earn a living, she grows rice and cassava with support from her husband who also spends his time in catching fish for resale to supplement the family’s income.

Now, Saveung and her joint borrower, who have been with VisionFund (Kiva’s partner) at least four cycles, have fully repaid their past loan already. Now, she is a leader of this group. Savoeung will spend her entire portion to pay the plowing fee and labor costs and to buy fertilizer for her crop. She highly believes that she gain get more income from her business so as she can improve her living at a gradual pace.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Saveung's Group's $1,800 loan helped a member to pay the plowing fee and labor costs and to buy fertilizer for her crop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 8, 2013
Listed
Dec 8, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 19, 2015