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Sokhom's Group
In this Group: Sokhom, Sorphorn, Norn, Sambat
Originally from a rural area of the Kandal province's Kandal Stoeng district, Cambodia, Sokhom, 48, is married with five children, one of whom is dependent on her and works at a garment factory to help the family generate income. To meet the family’s needs, Sokhom has been engaged in farming rice on one hectare of farmland for twenty-three years, and she also supplements her income by selling fish in the local area. The current business earns her approximately US$5 per day to support the family.

This is the third micro-loan with Kiva’s partner, VisionFund, for Sokhom’s group. The past two loans have helped to support her farming business. Now she and her group members are applying for a loan of KHR 700,000 each. Sokhom, who is the group leader, will use her portion to buy fertilizers for her farmland and will use a portion of it to spend on labor for plowing. She hopes to grow her rice paddy timely and healthily and produce a large income so as to make a better 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
  • 185
    View loans »
    Cambodia Loans Fundraising
  • $35,963,325
    Funds lent in using Kiva
  • 4,056.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokhom's Group's $700 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013