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Sern's Group
In this Group: Sern, Sokha
A citizen from a rural area of the Ponhea Krek district of Battambang province, Sern, 26, is a married father of one dependent daughter who is still too young for school. Farming rice and growing cassava on a 1.5-hectare area of farmland are the main source of the family’s income, a business which he has been in for two years. To supplement the income, he also works for others in the local area for a fee. His daily income is approximately 20,000 KHR and he manages to save about 10,000 KHR each day after deducting daily expenses. The scarcity of working capital is the main challenge for his rice-paddy.

Sern has been with VisionFund for two loan cycles while the other member has been with VisionFund for three cycles. The past loans, which were fully paid back, have relieved his family’s burden and improved their livelihood. Now he and his group member are applying for a new loan of 1,500,000 KHR and 4,000,000 KHR respectively. As the leader, Sern will use his portion to buy fertilizer for his rice and cassava cultivated land and use a portion of it to spend on labor costs. He hopes this loan will enable his crop yield to become more profitable so as to sell it for a good price and fulfill his dream to expand his plantation 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
  • 89
    View loans »
    Cambodia Loans Fundraising
  • $41,847,450
    Funds lent in using Kiva
  • 4,031.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sern's Group's $1,375 loan helped a member to buy fertilizer for his rice and cassava cultivated land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Sep 5, 2012
Oct 11, 2012
Currency Exchange Loss:
Mar 15, 2013