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Sophy's Group
In this Group: Sophy, Phay
Age 40 and a villager from Kampong Cham province, Sophy is a married mother of three dependent children. Her family's core income comes from two hectares of rice farming, and also from working for others for a fee. This business earns her about 23,600 KHR per day. This is the second microloan for Sophy with VisionFund (Kiva’s partner). The first loan enabled Sophy to lease an additional plot of farmland to expand her agribusiness. She repaid that loan on time with success. Now, she and her co-borrower are seeking for 1,000,000 KHR each. As the leader, she will spend her loan portion to buy fertilizer and to pay plowing and transplanting fees for her farmland. She hopes to gain a good yield from her business so that she can make more income to sustain her living and her 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
  • 195
    View loans »
    Cambodia Loans Fundraising
  • $36,972,025
    Funds lent in using Kiva
  • 4,083.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophy's Group's $500 loan helped a member to buy fertilizer, and to pay plowing and transplanting fees for her farmland.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 15, 2013
Listed
Sep 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014