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Sophal's Group
In this Group: Sophal, Phoern
Sophal is 49 years old. She lives with her husband and one son in a rural village of the Dambae district. Rice farming, growing cassava and cashew are the main source of her family’s income. She has been in this business for about fifteen years. The current business earns her family a daily income of about 30,000 KHR and she is able to save 15,000 KHR each day.

This is the first loan for Sophal with VisionFund. Now, she is leading her group to ask for a loan. As the leader, she is going to use her portion to pay for labor fees in growing cassava. She hopes to grow more crops from her agribusiness to make a living better.

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.

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About Cambodia

  • $2,600
    Average annual income
  • 132
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,009.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophal's Group's $2,000 loan helped a member to pay for labor fees in growing cassava.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Dec 5, 2013
Listed
Jan 3, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014