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Soam's Group
In this Group: Soam, Sophorn, Sary, Chanthou, Chivla
Soam is aged 35 years old and married with two children. He and his family live in a village of the Moungkul Borey district of Banteat Meachey province. To make a living, he has been farming rice and working as a motor-taxi driver. His wife also helps to earn more income by working at a garment factory. Having been in this business for 10 years, they can earn about 30,000 KHR per day.

Soam is a fourth-cycle client with VisionFund. He has successfully used the past loans to improve his family’s livelihood. Now he is leading his group to apply for a loan with VisionFund. Soam will use his portion to buy fertilizer and seeds for his farmland. With this loan, he hopes to grow his crops better and produce higher yields in order for him to increase his family’s income.

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
  • 154
    View loans »
    Cambodia Loans Fundraising
  • $35,951,550
    Funds lent in using Kiva
  • 4,097.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soam's Group's $1,100 loan helped a member to buy fertilizer and seeds for his farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014