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Sorm's Group
In this Group: Sorm, Vutha, Thea, Thorn, Nimol
Sorm, 37, lives in a rural area of the Moung Russey district of Battambang province. She is married with four children, three of whom are dependents and still in school. The main family sources of income are from growing rice and working for others for a fee. Having been in this business for 10 years, she is able to earn about 6,000 KHR (Cambodian riels) per day.

Sorm has been with VisionFund for three loan cycles and completely paid back the loans, which have helped her relieve family burdens and improve her livelihood. Now she is forming a group to ask for a loan. As the leader, Sorm is going to use her portion to buy fertilizers and pesticides for her farmland. With this loan, she hopes to make more income, so as to make a better living.

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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $36,181,550
    Funds lent in using Kiva
  • 4,087.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sorm's Group's $1,625 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 23, 2013
Listed
Jun 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014