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Samnang's Group
In this Group: Samnang, Phally
Samnang, 50, is from a rural village located in the Koh Sotin district of Kampong Cham province. She is married with three children. She and her husband earn a living through farming rice and also supplement the income by buying and selling fish-paste in the village. Having been in this business for 30 years, she is able to earn about 50,000 KHR per day after daily expenses.
This is Samnang’s group microloan with Kiva’s partner, VisionFund. She is a second-time borrower while her co-member is just with VisionFund for one this cycle. As the leader, she is leading her group of two to apply for a loan and she will use her portion to buy a cow in order to help her in her farming business. She hopes to make more crops from her farmland so as to improve her standard of living.

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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,049.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Samnang's Group's $325 loan helped a member to buy a cow in order to help in her farming business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 27, 2014
Listed
Jul 1, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014