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Sokna's Group
In this Group: Sokna, Na
Sokna, 27, is a resident from Kampong Cham province’s Tbaung Khmum district. She is a married mother of two little kids. To cover her daily cost of living, she grows rice as the main source of income. She has been involved in this business for eight years.

Including this cycle, she is a fourth-time borrower with VisionFund (Kiva’s partner), and she is a leader of two to get the new loan. She has completely paid back her past loans with success, and this has enabled her to provide timely and sufficient meals for her family.

Now, she is requesting a loan in the amount of 1,600,000 KHR, the same amount as her co-member. As the leader, she will spend her entire loan portion to pay for land preparation and to buy fertilizer for her farmland. She strongly believes she will be able to increase her family’s income and send her children to study.

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
  • 286
    View loans »
    Cambodia Loans Fundraising
  • $37,541,925
    Funds lent in using Kiva
  • 4,043.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokna's Group's $800 loan helped a member to pay for land preparation and to buy fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 17, 2014
Listed
Jul 21, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015