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Sombon's Group
In this Group: Sombon, Sopheap, Sophea, Tiv
Sombon is 31 years old and a married mother blessed with three schoolchildren. She is a rice grower and also a rice vendor, while her husband catches fish for sale. In the current business, she is able to earn up to 26,000 KHR per day.

With VisionFund (Kiva’s partner), she is in the fifth loan cycle. The past loan ,which she used wisely to support her living and to keep her children in school, has been fully repaid already. Now she is in a group of four to apply for a new loan. The total amount of her entire group loan is 4,400,000 KHR. As the leader, she will spend her loan portion to buy more rice to stock for resale when prices are high. She hopes to gain a high margin from her business and better off her 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
  • 280
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 3,984.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sombon's Group's $1,125 loan helped a member to buy more rice to stock for resale when prices are high.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 25, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014