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Bopha's Group
In this Group: Bopha, Sovann, Phay, Soroem
Living in a rural village of Battambang province’s Sangke district, Bopha is a 52-year-old widowed mother of four children. She has earned a living through buying and selling kapok in a local area and supplements the family’s income by working for others for a fee to better support the family. The current business earns her about 30,000 KHR per day and she manages to save about 10,000 KHR each day for the future needs.

Bopha has been with VisionFund for four cycles. She successfully repaid back the past loans which have helped her to better support her family and increase the business. Now leading her group of four members to apply for a loan, Bopha, who is the leader, will use her portion to buy more kapok for resale. She hopes this loan will enable her to increase her current business and also hopes to make more income to improve her family’s living standard.

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
  • 264
    View loans »
    Cambodia Loans Fundraising
  • $37,494,750
    Funds lent in using Kiva
  • 3,990.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Bopha's Group's $1,425 loan helped a member to buy more kapok for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 20, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014