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Sok's Group
In this Group: Sok, Saoroeurn
A married man from the Ek Phnom district of Battambang province, Sok is a local farmer and 59 years old. He manages a rice farm and watermelon field as the main source of income and catches fish during his spare time to better feed his family. He has been involved in the current business for ages and its returns him about 24,000 KHR per day.

As a four loan cycle client with VisionFund (Kiva’s partner), he feels confident that he can improve his living gradually and use his loan wisely in supporting his business. Now he joins with a female borrower who has never been with VisionFund before. As a group leader, he will use his loan portion to buy fertilizer, rice seed and to pay for plowing fees. He hopes to receive more yield and better his lifestyle.

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
  • 269
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 3,992.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sok's Group's $525 loan helped a member to buy fertilizer, rice seed and to pay for plowing fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014