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Sokna's Group
In this Group: Sokna, Lay
Sokna is age 50 years and married with one dependent child. She lives in a rural village of the Kampong Cham province’s Tbaung Khmum district, earning a living through working as a paid worker in a rubber field. She and her husband can earn about KHR 18,000 per day and can save about KHR 8,000 each day for future needs.

This is Sokna’s group loan with Kiva’s partner, VisionFund, and both have been members of VisionFund for one cycle. Now she is leading her group to ask for a loan of KHR 1,000,000 each. As the leader, she is going to use her portion to buy household supplies for her family such as bed, table, etc. She hopes this loan will enable her to have enough household supplies for her family to use.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 3,991.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokna's Group's $525 loan helped a member to buy household supplies for her family such as bed, table, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014