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Saveth's Group
In this Group: Saveth, Channet
Saveth is 38 years old and she is a villager from Kampong Cham province. She is married and blessed with two kids who are still in school. For her family, rice farming is the main source for her to earn income, which she has done for ages. She also earns extra income via a paid-working job. It is the business that she earned income 26,300 KHR for feed the family in a timely manner.

This is the second-time loan for Saveth with VisionFund (Kiva’s partner). Now, her family’s situation is getting better from her past loan; she has completely paid back the past loan. She is leading her group to ask for a loan.

As the leader, she will spend her entire loan portion to buy fertilizer, and to pay for the plowing fee for her farmland.

She highly believes that her income will increase from this business.

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.

About Cambodia

  • $2,600
    Average annual income
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Saveth's Group's $425 loan helped a member to buy fertilizer and to pay for the plowing fee for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015