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Sochea's Group
In this Group: Sochea, Phearun, Lam
A mother of two schoolchildren originally from Kampong Cham province, Sochea is 28-years-old and married. She makes a living by selling grocery items while her husband catches fish for resale for extra income. She has been with the current business for 9 years. Her previous loan was the first loan with VisionFund (Kiva’s partner). She has managed to utilize her past loan to upgrade her living progressively and has successfully repaid back the past loan. Now, she joins a group of three members as the group’s leader. For Sochea, she will use her portion to buy more grocery items for resale. She hopes that she can replenish her grocery items on time and increase her client base, in order to make more profit.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sochea's Group's $825 loan helped a member to buy more grocery items for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014