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Sophorn's Group
In this Group: Sophorn, Sophal, Im
Sophorn is 28 years old and the married mother of one kid. She struggles for a living via rice and cassava farming. The business that she has been involved with for 18 years earns her about 34,000 KHR per day. This is the second loan for Sophorn with VisionFund (Kiva’s partner) with a successful repayment of her past loan. Now, her living condition is getting better than before; specifically, she can afford decent food for her kid. Now, she is teaming up in a group of three to get a new loan. As the leader, she will spend her entire loan portion to buy fertilizer and seedlings for her crop. She highly believes that she can gain a good yield better than before so she can have sufficient income to keep her kid in school and to improve her living.

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.

Tags

About Cambodia

  • $2,600
    Average annual income
  • 316
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,010.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sophorn's Group's $600 loan helped a member to buy fertilizer, insecticide, and to pay for labor costs.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 8, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015