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Sophorn's Group
In this Group: Sophorn, Korb, Mat
Residing in Moung Russey district of Battambang province, Sophorn is one of the breadwinners in a family consisting of three kids. She meets the daily food consumption expenses via a rice cropping business, which she has been in for several years and it earns her about 18,300 KHR per day.

Sophorn has been with VisionFund (Kiva’s partner) for five cycles, including this loan. She has utilized her past loans wisely to improve her living condition. For this cycle, she is in a group of three to apply for a new loan. Sophorn is the leader who requests for 1,400,000 KHR while the other two joint members are seeking for 1,000,000 KHR each. For Sophorn, she will spend her loan portion to buy potash as well as to pay the plowing fee. She hopes that she can get a better yield than before and make a good income.

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
  • 176
    View loans »
    Cambodia Loans Fundraising
  • $35,786,825
    Funds lent in using Kiva
  • 4,087.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophorn's Group's $850 loan helped a member to buy potash as well as to pay the plowing fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 22, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014