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Sorn's Group
In this Group: Sorn, Thi
A villager from a rural area located in Battambang province’s Moung Russey district, Sorn is 40 years old and married with four children, all of whom are dependents and still in school. For the past 5 years Sorn has been earning a living through farming on a seven-hectare plot of farmland. Her husband is a fisherman; together they can earn about KHR 24,000 per day from the current businesses and can save about KHR 10,000 each day for future needs. Insufficient working capital to buy fertilizers for her rice field is her main challenge.

This is the first loan for Sorn’s group of two members. Now leading her group to apply for a loan of KHR 1,000,000 each, Sorn wants to use her portion to buy fertilizers and rice seeds for her farmland. She hopes to get a high yield from the rice paddy so as to sell it for a good price and improve her standard of 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
  • 128
    View loans »
    Cambodia Loans Fundraising
  • $35,929,100
    Funds lent in using Kiva
  • 4,036.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sorn's Group's $500 loan helped a member to buy fertilizers and rice seeds for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 5, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013