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Sarann's Group
In this Group: Sarann, Mi, Saret
Sarann is 36 years old, a mother of five children, and a villager from Battambang province. She covers her daily living expenses via rice cropping on five hectares as her main source of income. She has engaged in her current business for more than 10 years.

This is not the first loan for Sarann with VisionFund (Kiva’s partner). She has fully paid back her past loan wisely and it has helped to stabalize her living situation. Now, she leads a group of three to get a new loan. As the leader, she will spend her entire loan portion to pay a harvesting fee for her rice crop. She hopes that she will have a good yield to improve her lifestyle.

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
  • 330
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,014.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarann's Group's $1,000 loan helped a member to pay a harvesting fee for her rice crop.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 4, 2013
Listed
Jan 3, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 20, 2014