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Sopheap's Group
In this Group: Sopheap, Ven
Age 26 and a resident from Bovel district of Battambang province, Sopheap is married and a mother of two dependent kids, one school-aged and one younger child. She and her husband are vegetable growers who plant Chinese cabbage called “Bok Choy”. This is the business that she has had for six years. Sopheap has never been with VisionFund (a Kiva partner) before. She now forms a group of two to apply for a new loan in the amount of 3,000,000 KHR each. As the leader, she will spend her loan portion on labor costs and insecticide for her vegetable garden. She hopes that she can double her income and improve her lifestyle so she can keep her kids in school.

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
  • 234
    View loans »
    Cambodia Loans Fundraising
  • $37,057,450
    Funds lent in using Kiva
  • 4,059.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheap's Group's $1,500 loan helped a member to pay for labor and to buy insecticide for her vegetable garden.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014