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Sophan's Group
In this Group: Sophan, Saveoun, Mao
Sophan is a resident of Thmor Koul district in Cambodia's Battambang province. She is 37 years old and married with a son. To make a living, Sophan farms rice and sells cosmetics. This will be Sophan's fifth loan request through VisionFund (Kiva's partner). The previous loans helped her to successfully build a comfortable house for her family. Now she is leading a group of three women to take out a loan in the amount of 3,800,000 KHR. Sophan will use her portion of the loan to purchase fertilizer to help keep her rice-growing business in good shape. With the help of this new loan, Sophan believes that she can strengthen her rice-growing business, thereby earning more income for her family.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 3,995.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophan's Group's $975 loan helped a member to purchase fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013