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Soy's Group
In this Group: Soy, Sorn, Khoern
Soy, 44, lives in a rural area in the Moung Russey district of Battambang province. Soy is a married mother of six children, three of whom are dependent and still in school. To make a living, she has been growing rice while her husband is a paid worker to supplement the family’s income. Having been in this business for 10 years, Soy is able to earn about 34,000 KHR per day to meet the family’s needs. Soy has been with VisionFund for one loan. She completely paid back the loan, which has helped her better support her family with enough food. Now, she is leading her group to apply for another loan. As the leader, Soy is going to use her portion to pay for harvesting rice. She hopes this loan will enable her to earn more income in her business.

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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $36,216,225
    Funds lent in using Kiva
  • 4,009.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soy's Group's $950 loan helped a member to pay for harvesting rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 9, 2013
Listed
Jan 8, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015