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Somaly's Group
In this Group: Somaly, Lav
Age 30 and a villager from Pursat Province, Somaly is a mother of one little kid and one of the breadwinners in the family. To cover the daily cost of living, she does rice cropping and runs a small stall to sell grocery items. The business that she has had for six years has returned her about 16,300 KHR per day. This is not the first micro-loan for Somaly with VisionFund (Kiva’s partner). She has fully repaid back her past loan, which has sustained her living better than before. Now, she formed a group of two to apply for a new loan in order to buy more grocery items for resale. She hopes this purchase will replenish her business on time and keep improving 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
  • 267
    View loans »
    Cambodia Loans Fundraising
  • $37,507,325
    Funds lent in using Kiva
  • 4,038.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Somaly's Group's $500 loan helped a member to buy more grocery items for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 8, 2013
Jun 8, 2013
Currency Exchange Loss:
Apr 16, 2014