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Sopheak's Group
In this Group: Sopheak, Ra
Sopheak is 39 years old and has been blessed with two children, both of them still in school. He is a vendor in the local area of Battambang province’s Sangke district. His main sources of income for his family are grocery selling and rice cultivation. He has been doing this work for 11 years, and he earns about 36,000 KHR per day.

This is the first microloan for Sopheak’s Group, which is comprised of two male members. Sopheak is the group leader. The group requested a loan in the total amount of 1,000,000 KHR, and each of them will take 500,000 KHR. Sopheak is going to use his loan portion to buy fertilizer and rice seed, and to pay necessary fees, including plowing, transplanting, and water pumping. He hopes to grow his rice healthily and to make more income for his kids' sake.

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
  • 329
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 3,987.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheak's Group's $275 loan helped a member to buy fertilizer and rice seed, and pay fees for plowing, transplanting, and water pumping.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 7, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014