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Sophy's Group
In this Group: Sophy, Savann, Sarorn, Vit
This group loan has four members who have selected Mrs. Sophy to be the group leader. They will each use their portion of the loan for different purposes that can increase their family's standard of living.

Mrs. Sophy was born in 1973. She owns a general store in the local village where she sells groceries in order to earn some profit to support her family. Since her business is getting on well, she wants to expand. In order to improve her business, Mrs. Sophy is applying for a loan to buy more groceries. Her husband, Mr. Yorn, is a palm juice collector and a farmer who owns a very small piece of land where he can grow rice, to not sell, to support his family. She is a mother of ten children, one of whom is an iron welder, while the other two are helping her to sell groceries, the other three are studying in local public school, and the others are too young to work or study.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,561,025
    Funds lent in using Kiva
  • 3,985.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophy's Group's $825 loan helped a member to buy more groceries.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Apr 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012