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Sophal's Group
In this Group: Sophal, Chenda, Nay, Yorn, Yom
A citizen from a rural village of Battambang province’s Moung Russey district, Sophal is age 56 years and married. She has six children to take care of, one (daughter) of whom is dependent and still in school. To feed her family, she has worked hard as a rice farmer on a ten-hectare area of farmland for ten years. The current business earns her about 30,000KHR per day and she manages to save about 20,000KHR each day after deducting daily expenses.

Sophal’s group consists of five members who are all females, and she is in her first loan with VisionFund. Now she is leading her group to apply for a loan with VisionFund. As the leader, Sophal is going to use her portion to buy fertilizers and pesticides for her farmland, and will use a portion of it to spend for gasoline and labor. She hopes to make healthy rice to increase her family’s income so as to make a better living.

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
  • 4,032.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophal's Group's $1,300 loan helped a member to buy fertilizers and pesticides for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 19, 2012
Listed
Nov 2, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013