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Sophea
Sophea, 32, is married and blessed with three little kids all residing in Battambang province. The rest of his family relies on the agricultural activity of corn and cassava cultivation. This is the business that he has engaged in for 10 years and is able to generate about 20,000 KHR per day. Sophea is new to VisionFund (Kiva’s partner). He is seeking his first loan of 2,500,000 KHR in order to buy seeds, potash, insecticide, and to plow his farmland. Additionally, he will also use a portion of it to lease a plot of farmland to grow more cash-crops. He hopes that his loan will help him to make triple income so that he can set aside savings for his children when they are aged for schooling.

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.

About Cambodia

  • $2,600
    Average annual income
  • 87
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 3,984.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Sophea to lease a plot of farmland to grow more cash-crops.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 18, 2014