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Sokoern's Group
In this Group: Sokoern, Srey, Boeng, Kim
Age 34, Sokoern is a married mother of two children living in the Sa Ang district of Kandal province. All of her children are dependent on her and still in school. Sokoern and her husband earn a living through growing rice, mango and taro. They have been in this business for 13 years and they can earn about 60,000KHR per day to meet the family’s needs.

Sokoern has been with VisionFund for one cycle and fully paid back the past loan. That loan helped her better support her children’s education. Now she is leading her group of four to seek a loan. Sokoern, who is the leader, will use her portion to buy pesticides, fertilizers and seeds for her farmland. She hopes to get a high crop yield from her growing business so as to improve her living conditions and keep her children in school.

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
  • 131
    View loans »
    Cambodia Loans Fundraising
  • $35,072,250
    Funds lent in using Kiva
  • 3,986.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokoern's Group's $1,025 loan helped a member to buy pesticides, fertilizers and seeds for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
May 11, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014