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Sokhon's Group
In this Group: Sokhon, Ly, Veasna
Sokhon is 25 years old and a mother of two children; one schoolchild and a little one who is under aged for school. To secure the basic needs in her family, she grows rice and peppers as the main source of income, which earns her about 18,200 KHR per day. This is not the first loan for Sokhon with VisionFund (Kiva’s partner). She has repaid her previous loan completely.

Now, her living condition is getting better than before. For this cycle, she leads a group of three to get a new loan. As the leader, she will spend her entire loan portion to buy fertilizer and to pay for plowing and reaping fee. She highly hopes that she can gain a good yield better than before.

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
  • 291
    View loans »
    Cambodia Loans Fundraising
  • $37,541,925
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokhon's Group's $750 loan helped a member to buy fertilizer and to pay for plowing and reaping fee for her farming business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2014
Listed
Jun 10, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015