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Soy's Group
In this Group: Soy, Soen, Horn
Soy, 28, lives in a rural area of the Sangke district of Battambang province and he is married with one daughter. The main family source of income is from farming rice on three-hectare farmland. He has been in this business for three years. He is able to earn about 57,000 KHR per day.

Soy has been with VisionFund for three cycles and completely paid back the loans, which have helped him relieve his family's burden and improve their lives. Now he is leading his group of three to apply for a loan of 1,400,000 KHR each. As the leader, he will use his portion to buy fertilizer for his farmland and use another portion of it to spend on gasoline for water pumping. With this loan, he hopes to make more income so as to make a better 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
  • 322
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soy's Group's $1,075 loan helped a member to buy fertilizer for his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 20, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014