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Sokha's Group
In this Group: Sokha, Meen
Originally from a rural area located in Moung Russey district of Battambang Province, Sokha is married and a 28-year-old mother of two dependent children still too young for school. Her major source of income is the rice she grows on a hectare of farmland. She also sells groceries and is a wedding facilitator, supplying makeup for the bride and decorations for the ceremony. She has been earning money through these businesses for five years and earns about 40,000 KHR a month.


Sokha has taken out loans through VisionFund three times and completely repaid them. Profits that resulted from the past loans have resulted in a better life for her family. Now she has formed a two-women group seeking a new loan of 2,000,000 KHR. Of that, she will take 1,400,000 KHR while the other member will take 600,000 KHR.


Sokha plans to use her loan portion to buy additional grocery items such as instant noodles, canned food, shampoo, etc. to sell. She will also use part of it to buy decoration materials for her wedding facilitator business. She hopes to increase her income so she can set aside money for future needs.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,105.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokha's Group's $500 loan helped a member to buy additional grocery items and wedding decoration materials.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013