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Somaly's Group
In this Group: Somaly, Lam
Originally from a village located in the Pursat Province, Kror Kor district, Somaly is 31 years old and married. She has four children, three of whom are still in school while another one is too young for school. Somaly is a farmer who grows rice on two hectare of farmland as her main source of income and raise pigs to earn extra income for her family. She and her husband have been in farming for four years.

Somaly has been with VisionFund for two cycles, and she has successfully paid back her previous loans. She is seeking a loan of 2,000,000KHR and her other group member is applying for 1,000,000KHR loan amount. As the leader of the group, Somaly will use this loan to buy a plot of farmland to extend her farming business. She hopes to increase her yields and so improve her lifestyle 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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,099.8
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Somaly's Group's $750 loan helped a member to buy a plot of farmland to extend her farming business.
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 22, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible