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Sopheak's Group
In this Group: Sopheak, Chamreun, Vanna
Sopheak is 36 years old and married. She has two children. Living in a village of the Moungkul Borey district, Sopheak raises pigs and sells snacks. Having been in these businesses for 16 years, she manages to earn about 70,000 KHR per day to feed her family and children.

This is Sopheak's eighth microloan with VisionFund. She completely repaid the past loans, which have enabled her family to have sufficient food. She is now leading her group to ask for a loan. As the leader, she is going to use her portion to buy more pigs to raise. She hopes to gain more income from her current business.

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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $36,215,100
    Funds lent in using Kiva
  • 4,049.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sopheak's Group's $750 loan helped a member to buy more pigs to raise.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jul 1, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015