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Sophal's Group
In this Group: Sophal, Sophea
Sophal, 56, is a local farmer from the Bovel district of Battambang province and a widow.

She earns a living through one and half hectares of corn cropping. The 11 year engagement in the current business earns her about 26,700 KHR per day.

Having never been with VisionFund (Kiva’s partner) before, Sophal is a leader of a group consisting of two female members.

She is seeking a loan for ploughing fees and to buy rice seed, fertilizer and insecticide for her farmland.

She has high expectations of a high yield from her current business and hopes to improve her lifestyle.

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
  • 265
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophal's Group's $525 loan helped a member to buy rice seed, fertilizer and insecticide for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014