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Savin's Group
In this Group: Savin, Saeam, Norm
Savin, 63, is a villager located in the Battambang province, and she is a mother of nine children. Rice farming and a paid-working job are the main sources of income to support the family. She is an ex-borrower of VisionFund (Kiva’s partner) for seven past loans, which she completely repaid.

Now, she leads a group of three to request a loan. The total amount of her entire group is 5,100,000 KHR, of which 1,600,000 KHR is her loan portion. As a leader, she will use her loan portion to buy land and to pay the land-filling fee for her house. She hopes that her living conditions will improve.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,001.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Savin's Group's $1,275 loan helped a member to buy land and to pay the land-filling fee for her house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 13, 2014
Listed
Apr 13, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015