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Sokun's Group
In this Group: Sokun, Nai
Sokun is a local villager from Thmor Koul district of Battambang province. She is 37 years old and the mother of three dependent kids. To cover her family’s needs, she sells ice-cream and orange juice for income. Apart from this business, she also works as a chef during wedding ceremonies to earn additional income. She has had this business for ten years, and it has helped her to save about 20,000 KHR per day. Including this loan, she is has had seven loans from VisionFund (Kiva’s partner). This group is in its second loan cycle. The positive impact of her past loans has enabled her improve her life style. For this cycle, she is seeking a loan of 1,000,000 KHR, and her fellow group member is applying for 1,200,000 KHR. As the leader, she is going to use her entire portion of the loan to buy a cart for transporting hot soya milk for resale. She hopes that her family’s income will increase, and that she will able to send her kids to 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 3,985.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokun's Group's $575 loan helped a member to buy a cart for transporting hot soya milk for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2014
Listed
Mar 11, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015