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Soey's Group
In this Group: Soey, Yoern
Originally from a village in Battambang province’s Sangke district, Soey is 49 and married with two children, all of whom are dependents and still in school. For more than ten years, she has been selling snacks while her husband is a motor taxi driver to help his family.

Soey has been a member of VisionFund for five cycles already and she wisely and successfully used the past loans to make her living conditions better. Now, she is leading her group to request another loan. As the leader, Soey will use her portion to buy potatoes and beans to make snacks. She hopes this loan will enable her to earn more income from her current business so as to improve her family’s 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
  • 193
    View loans »
    Cambodia Loans Fundraising
  • $36,972,025
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soey's Group's $675 loan helped a member to buy potatoes and beans to make snacks.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014