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May 23, 2016 2:39 EST

Cambodia – Sokhom Group: A portion of Sokhom Group’s $1,475 loan helps a member to buy extra groceries to sell and improve her family’s revenue.

iCrowdNewswire - May 23, 2016

Sokhom Group

Prey Veng Province, Cambodia Food | Grocery Store

 

Sokhom Group

 

 

Sokhom is a 36-year-old, widowed grocer with two children in her care. She resides in a village in the Prey Veng Province in Cambodia. She has been doing her business for over ten years. All of her two children are attending school. Sokhom can make approximately USD 20 per day.
Sokhom is pictured first from the right. She is group leader and would like to request a loan as part of a group of three members. She will use her portion to buy extra groceries to sell and improve her family’s revenue. In the future, she is going to expand her business, save money to build a new house, and help her children to go to university.

Additional Information

More information about this loan

 

This loan is aimed at low-income and financially excluded families living in remote areas of Cambodia. As part of their commitment to social performance KREDIT have setup the Vulnerable Services Unit (VSU) to provide financial and educational services to their poorest clients. They offer flexible terms and a wide variety of training services including child protection, health care, agriculture and financial literacy. By supporting this loan you are helping to empower and educate people living in underserved rural communities

 

About KREDIT

KREDIT Microfinance Institution Plc., is one of Kiva’s most established partners in Southeast Asia. The organization empowers the economically-active poor and small entrepreneurs by providing inclusive financial services. Beyond loans, KREDIT offers low-income clients complementary training in debt management, savings and budgeting. In addition, KREDIT partners with NGOs to offer training in primary health care, agricultural techniques and HIV/AIDS awareness.

For more information on KREDIT, please visit its partner page. If you would like to engage more with KREDIT and its borrowers, you can also join its lending team, KREDIT MFI Cambodia.

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.

 

A portion of Sokhom Group’s $1,475 loan helps a member to buy extra groceries to sell and improve her family’s revenue.

Contact Information:

Sokhom

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