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Sophea's Group
In this Group: Sophea, Nget, Sokhom, Srey Touch
This group loan consists of four members who live in Kansaom Khlaeng village in Takeo province. They will each use their portion of the loan for different purposes to improve their families' standard of living. Mr. Sophea O. is the group leader, selected by the other members. He is a construction worker and a farmer who owns a small piece of land where he grows rice to sell to support his family. His wife, Mrs. Srey Sor Choeun, does housework. This couple supports two children who are both too young to work or study. At present, he has a problem because he does not have enough water. To improve this situation, he is applying for a loan to dig a pool to collect water for use in the dry season.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

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.

About Cambodia

  • $2,600
    Average annual income
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,019,450
    Funds lent in using Kiva
  • 4,020.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophea's Group's $225 loan helped a member to dig a pool to collect water for use in the dry season.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 10, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011