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Sopheap's Group
In this Group: Sopheap, Thoeurn
Sopheap lives in a rural village of the Sangke district of Battambang province, Cambodia. She is a 32-year-old mother of two children, both of whom are dependent on her and still in school. She has been farming rice for eight years to support her family and also supplements the family’s income by selling desserts in the local area. Her current business earns her around 32,000 Cambodian riels (KHR) per day, which she uses to meet her family's needs. The main challenge for her field business is low crop yields.

Sopheap has been with VisionFund for one cycle, while the other member has been with VisionFund for four cycles. Sopheap successfully and smartly used her first loan, which she has paid back, to support her children’s education and improve her livelihood. Now she and her fellow group member are requesting a new loan from VisionFund. Sopheap, who is the leader, will use her portion to buy fertilizer for her farmland, which she hopes will result in more productive crop yields and thus enable her to make a better living and keep her children in school.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,592,775
    Funds lent in using Kiva
  • 4,057.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheap's Group's $275 loan helped a member to buy fertilizer for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 18, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013