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Som's Group
In this Group: Som, Moeurn, Pov
Som is 38 years old and a married father of five children. Two are in school and three are too young for schooling.

The main income source for his family is from cassava farming, which he has been involved in for 20 years. He can earn 36,100 KHR per day.

He is a second-time borrower with VisionFund (Kiva’s partner). As the group leader, he will spend his entire loan portion to pay for pesticide, fertilizer and plowing fee. He hopes to collect a good yield and to sell it for a good price to improve his family's living situation.

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
  • 183
    View loans »
    Cambodia Loans Fundraising
  • $36,989,750
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Som's Group's $750 loan helped a member to pay for pesticide, fertilizer and plowing fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 25, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015