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Sorn's Group
In this Group: Sorn , Sambat
Originally from a rural village of the Srey Snom district of Siem Reap province, Cambodia, Sorn is a 48-year-old mother of seven children. Two of her children are dependent on her and still in school. She has been involved in selling grocery items for five years and supplementing her income by selling pork meats. The current business earns her approximately 22,000 KHR per day, and she manages to save about 10,000 KHR each day after daily expenses.

Sorn has been with Kiva partner VisionFund for three cycles while the other member of her group is with VisionFund just this cycle. Sorn's past loans have helped her to build a new proper stall for supporting her grocery-selling business; all her loans have been repaid already. Now she and her group member are requesting a loan with VisionFund of 1,400,000 KHR and 1,000,000 KHR respectively. As the leader, Sorn is going to use her portion to buy more grocery items to sell such as sugar, salt and eggs, and also plans to use a portion of it to buy more pork for resale. She hopes this loan will enable her to increase her income so as to improve her standard of living and keep her children in school.

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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $36,216,225
    Funds lent in using Kiva
  • 4,055.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sorn's Group's $600 loan helped a member to buy more grocery items to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 24, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013