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Sophorn's Group
In this Group: Sophorn, Chatrey
Sophorn is 48 years old and a married mother of three children, two of whom are dependent on her and are still in school in the local area of the Dambae district of Kampong Cham province, Cambodia. To make a living, she and her husband have been involved in cassava and bean planting as the main source of the family’s income for 10 years. She can earn on average KHR 17,000 per day to meet her family's daily needs. However, the low price of cassavas still is the main challenge for her.

Sophorn’s group consists of two members, who have been with VisionFund for two cycles. She has completely paid the past loans back and has successfully used the loans to relieve the family’s burden and save for her children’s education. Now she and the other member are applying for a loan with VisionFund of KHR 1,400,000 each. Sophorn, who is the group leader, will use her portion to buy fertilizers for her farmland. She hopes to earn more income from the current business in order to lift her family out of poverty.

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.

About Cambodia

  • $2,600
    Average annual income
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,105.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophorn's Group's $700 loan helped a member to buy fertilizers for her farmland.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 3, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013