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Sophea's Group
In this Group: Sophea, Kunthea
Sophea is a 32-year-old married woman. She lives with her husband in a rural area of the Ek Phnom district of Battambang province. She raises chickens, and her husband supplements her income by working for others for a fee. Having been in business for five years, together they earn about 30,000 per day to meet the family’s needs.
This is Sophea's first loan cycle with VisionFund. The other member has been a borrower with VisionFund before. Sophea is leading her group of two to request a loan. As the leader, she is going to use her portion of the loan to buy more chickens to raise. She hopes to fatten her chickens so that she can sell them for good prices in order to improve her living conditions.

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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,000.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophea's Group's $600 loan helped a member to buy more chickens to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013