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Rom's Group
In this Group: Rom, Sokunthearos
Rom is 43 years old and lives in a village of the Ek Phnom district with her husband and eight children; four (three daughters and one son) of whom are dependent on her and still in school. She is a garment worker and supplements the family’s income through growing corn and groundnuts while her husband is a paid worker in the local area. Having been in this business for twenty years, they can earn about 40,000 KHR per day to meet the family’s needs. However, low crop yield resulted from insects is the main challenge for her business.

Rom is leading the group of two, who live in the same village of the Ek Phnom district of Battambang province, to apply for a fifth loan with VisionFund. She successfully used the past loans to better support her family. Now, she and her group members are requesting a loan with VisionFund of 1,000,000 KHR each. As the leader, she is going to use her portion to buy groundnut seeds and pay for labor. She hopes this loan will enable her to increase her income and increase the crop yields so as to improve her family’s living standard.

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
  • 182
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,067.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Rom's Group's $500 loan helped a member to buy groundnut seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013