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Som's Group
In this Group: Som, Rom, Khem
Som, 51, is a married mother of five children. She deals with the daily cost of living via working at a local garment factory, while her husband works at construction to supplement the family’s income.

This is the first microloan for Som with VisionFund (Kiva’s partner). She formed a group of three to apply for a loan. As the leader, she will spend her loan portion to buy a decent motorbike for her husband as the transportation for commuting back and forth to the workplace.

She hopes that her husband can minimize the transportation cost that he used to cover and use the money to help the family instead.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,040.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Som's Group's $675 loan helped a member to buy a decent motorbike for her husband.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014