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Sarorm's Group
In this Group: Sarorm, Sreynol
A married woman living in a rural village located in the Moung Russey district of Battambang province, Sarorm is 39 years old and has four children, all of whom are dependents and still in school. Sarorm is a teacher in the local area and she is also a rice farmer. She has been in this business for 11 years, earning about 70,000 KHR and able to save about 40,000 KHR each day.

Sarorm’s group consists of two members, who are both female. Sarorm has been with Kiva’s partner, VisionFund, for three loan cycles. She is now leading her group to apply for a loan. As the leader, she is going to use her portion to buy fertilizers and seeds for her farmland. She hopes to earn more income from her current 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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 204
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,045.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sarorm's Group's $800 loan helped a member to buy fertilizers and seeds for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 26, 2014
Listed
Jun 30, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2015