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Sophal's Group
In this Group: Sophal, Sokhey, Ler
Sophal is age 25 and a married mother of four children, living in a rural village of the Sampov district, Pursat province. All of her children are still in school. Rice farming, cassava planting and pig raising are the main sources of the family’s income, and her husband supplements family income by working as a laborer. They have been in these businesses for two years. Sophal and her husband earn about KHR 27,000 per day, and they manage to save about KHR 10,000 each day, after daily living expenses.

Sophal’s group consists of three members. Sophal has been with VisionFund for one loan cycle and successfully paid back the past loan. The past loan helped her to support her current farming business. Now she is leading her group to request another loan. Sophal, who is the leader, will use her portion of the loan to buy more piglets and feed for her pig business. She hopes this loan will enable her to earn a good 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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,005.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophal's Group's $750 loan helped a member to buy more piglets and feed, for her pig business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013