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Sopheap's Group
In this Group: Sopheap, Mom, Iy
Sopheap is 49 years old and mother of five children, two of whom are schoolchildren. She lives in Battambang province, Cambodia. Sopheap is a local rice farmer who cultivates five hectares of rice and a half-hectare of sesame. She and her husband are able to earn up to 23,300 KHR per day. Sopheap has been a farmer for 15 years and has borrowed from the Kiva partner VisionFund four times. She has successfully repaid her previous loans and feels confident about progressively improving her lifestyle.

Sopheap is the leader of a three-woman loan group requesting a 1,400,000 KHR loan for each. Sopheap will use her portion to pay a harvesting collection fee and buy fertilizer and seed for her farm. She hopes to harvest her cash crop on time and sell it at a high price to better support her family and keep her children in school.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $35,861,050
    Funds lent in using Kiva
  • 3,983.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheap's Group's $1,075 loan helped a member to pay harvesting fees and buy fertilizer and seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 27, 2012
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013