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Sopheap's Group
In this Group: Sopheap, Mony
Originally from a rural village of the Kror Kor district of the Pursat province, Sopheap is a 30-year-old mother of three children. They are dependent on her and still in school. Rice farming has been their main source of income for three years. Her husband also supplements the income by making palm juice. The current business earns her family about 19,000 KHR per day, from which they can save about 10,000 KHR each day after covering daily expenses.
Sopheap is just starting with VisionFund this cycle while the other member has already been with VisionFund for one cycle. Sopheap, who is the leader, will use her portion to pay for labor costs. She hopes this loan will enable her to earn more income to improve her standard of 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
  • 87
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,001.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheap's Group's $250 loan helped a member to pay for labor costs.
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