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Sort's Group
In this Group: Sort, Vanny, Siny
Sort resides in a rural area of Sampov Meas district of Pursat province, Cambodia. She is 40 years old and married with four children, three of whom are dependent. Some are still in school and some work at a garment factory. To support the family, Sort has been in the business of selling grocery items for fifteen years. She can earn about 42,000KHR per day and manages to save approximately 10,000KHR each day for her daily savings.

This is the second microloan for Sort’s group with VisionFund. She completely paid back the past loan which has helped her to relieve the family’s burden and improve the family's standard of living. Now leading her group of three to seek a loan with VisionFund of 1,200,000 each, Sort, who is the leader, will use her portion to buy more grocery items for selling, such as sugars, eggs and salt etc. She hopes to expand her grocery business and gain more income from it in order to run another business to earn extra income for the family.

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
  • 56
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,057.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sort's Group's $900 loan helped a member to buy more grocery items for selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2012
Listed
Sep 20, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013