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Savin's Group
In this Group: Savin, Vanny, Thin
Savin, aged 59 and a villager from the Bovel district of Battambang province, is a farmer who grows rice as the main source of income and works for others for a fee as extra work to make more income.

She has been involved in her current business for 15 years, and it has returned her about 40,000 KHR per day. This is the fourth loan for Savin with VisionFund (Kiva’s partner). She has paid back her past loan with success, and now her living condition is getting better than before. Now, in a group of three, she is a leader.

She will spend her entire loan portion to pay for a plowing fee and to buy rice seed for replanting her crops. She highly hopes that she can make more income so that she can keep improving her lifestyle.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Savin's Group's $1,100 loan helped a member to buy rice seed for replanting her crops.
45% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible