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Sokan's Group
In this Group: Sokan, Lorn, Sarom
A married mother of five children, Sokan is 53 years old and she still has four children dependent on her. Only a few of them are still in school.

She earns a living through farming rice on her one-hectare farmland, and she has been in this business for ten years. She supplements her income by raising pigs in the back yard. The main challenge for her as a rural farmer is the lack of working capital to buy fertilizer.

Sokan has been with Kiva's field partner, VisionFund, for four loan cycles while the other members have been with VisionFund for five to seven years. The past loans from VisionFund have significantly helped her make a better living. She currently earns around 24,600 KHR per day from her business.

Sokan is leading this group to apply for another loan with VisionFund. As the leader, she is going to use her portion to buy fertilizer for her farmland and feed for her pigs. She hopes to increase her family's income so as to improve 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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,047.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokan's Group's $375 loan helped a member to buy fertilizer for her farmland and feed for her pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 11, 2012
Listed
May 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013