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Samnang's Group
In this Group: Samnang, Sophanna
Samnang is 35 years old and a married mother blessed with two children. Her main sources of income are from pig-raising and her salaried job, which she has held for 12 years. This is Samnang’s second microloan from VisionFund (Kiva’s partner). She successfully repaid her past loan, which enabled her to improve her lifestyle at a gradual pace. Now she is leading a group of two to obtain a new loan. She is seeking 1,400,000 KHR, and her co-borrower is applying for 1,200,000 KHR. As the leader, she will spend her entire portion of the loan to buy pig feed. She strongly hopes that she can have a better yield than before.

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
  • 58
    View loans »
    Cambodia Loans Fundraising
  • $35,066,825
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Samnang's Group's $650 loan helped a member to buy feed for her pigs.
53% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 25, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible