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Sokha's Group
In this Group: Sokha, Chanthou
A 39-year-old mother originally from Sangke district of Battambang province, Sokha is a single woman who makes her living through growing paddy rice and working for others for a fee. She has been involved in this business for 10 years and is able to earn up to 22,200 KHR per day. Sokha’s first loan with VisionFund (Kiva’s partner) was three cycles ago. She has completely paid back the loan and it has sustained her lifestyle. This cycle, she forms a group of two to seek for a new loan in amount of 1,000,000 KHR each. As the leader, she is going to use her portion to buy 14 sacks of paddy rice for resale. She hopes this purchase will help her to stock more rice and sell it during the high in order to return her a good income to improve her living condition, to keep her children in school, and to expand her business into a larger scale.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokha's Group's $525 loan helped a member to buy rice for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Feb 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014