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Sreynak's Group
In this Group: Sreynak, Sihoun
Sreynak is 26 years old and lives with her husband and one daughter in a rural village of the Srey Snom district. Rice farming is the only main source of her family’s income. She has been farming rice for about eight years. The current business earns her family the daily income of about 20,000 KHR, but she is able to save 10,000 KHR each day.

This is the first loan for Sreynak with VisionFund. Now she is leading her group to ask for a loan. As the leader, Sreynak wants to use her portion to buy seeds and fertilizers for her farmland. She hopes to make more crops so as to make a living better.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $36,569,250
    Funds lent in using Kiva
  • 4,050.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sreynak's Group's $400 loan helped a member to buy seeds and fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 16, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015