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Sophanny's Group
In this Group: Sophanny, Sreyroth, Soknoeurn
This is a small group loan for three members and Mrs. Sophany is group leader. Mrs. Sophanny K., 29, is a vegetable seller who transports produce to customer's home via used bycicle, earning approximately $3.75 per day. She lives with her three children, all of whom are students, in the Krolorng Village, Kompong Cham Province. Her husband, Mr. Kheav Sokhon, 33, is a bricklayer and earns about $5 per day. With her growing business, Sophanny now requests a loan of 600,000 Riel to purchase more vegetable inventory to sell. Because of her business, she is able to support her family’s living expenses and to support her children in getting a higher education. The other two members are:


1- Mrs. Sreyroth C. is a rice farmer and raises pigs. She requests a loan of 400000 Riel to purchase pig food to fatten her pigs.


2- Mrs. Soknoeurn Y. is a rice farmer and sells vegetable. She is widowed and requests a loan of 400000 to purchase more vegetables to sell.


The group lives in Chrey Vean Commune, Kampong Cham Province.

Additional Information

About HKL

Hattha Kaksekar Limited is one of the largest and most successful microfinance institutions (MFIs) in Cambodia. The organization provides microfinance services to the poor, particularly women, in urban and rural areas. Kiva lenders’ funds will be used to expand the outreach of HKL’s financial services to a greater number of clients in rural areas of Cambodia.

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
  • 131
    View loans »
    Cambodia Loans Fundraising
  • $35,084,000
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophanny's Group's $350 loan helped a member to purchase more vegetable inventory to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 11, 2008
Listed
Oct 28, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009