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Sotheary's Group
In this Group: Sotheary, La
Sotheary, 30 years old, has three dependent children: one daughter and two sons, all of whom are still in school. Her family lives in the rural village of Ek Phnom district of Battambang province, Cambodia. The main sources of the family’s income arefrom farming rice and planting beans. They supplement their income by raising cows and chickens, which she and her husband have been doing for several years. Drought that destroyed the crop yield is still the main challenge for her business.

Sotheary’s group consists of two members who live in the same village. This is their first loan with Kiva’s partner, VisionFund. Now, Sotheary and her group member are applying for a loan of 1,000,000 KHR and KHR 800,000, respectively. As the group leader, Sotheary is going to use her portion to buy fertilizers and seeds for her farmland. She hopes this loan will enable her to earn more income to improve her living.

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
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,068.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sotheary's Group's $450 loan helped a member to buy fertilizers and seeds for her farm.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013