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Sorn's Group
In this Group: Sorn, Kea
Sorn is 50 years old and a resident from Battambang province, Moung Russey district. She is married and has five children. She grows rice as the main income. It is the business that she has been involved with for 25 years.

This is the sixth loan for Sorn and fifth loan for her joint borrower in a group of two with VisionFund (Kiva’s partner). The positive impact of her past loans has helped Sorn to uplift her lifestyle progressively. Sorn is a group leader for this cycle and 1,400,000 KHR is the loan portion for her and it is the same loan amount for her co-borrower. Sorn will spend her entire loan portion to buy fertilizer for her crop, and to buy rice seed and insecticide. She highly hopes that she can gain high income to keep supporting her family.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 101
    View loans »
    Cambodia Loans Fundraising
  • $35,518,825
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sorn's Group's $700 loan helped a member to buy fertilizer for her crop, and to buy rice seed and insecticide.
91% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 25, 2014
Listed
May 22, 2014
Currency Exchange Loss:
Possible