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Mrs. Kosal Penh Village Bank Group
In this Group: Kosal, Chantha, Chanthy, Reth, Savoeurn, Sambo, Kemson, Saran, Srey Orn, Mao, Sarem, Sokhom, Ren, Samoeun
The village bank, which consists of fourteen members, is located in Chheu Teal village in Kandal province and they plan to use the loan which they obtained for different purposes. Mrs. Kosal P. is the village bank president who has been selected by the members. She is a fishwife.


Her husband, Mr. Khut Louch, is a fisherman who is saving the money to support his family. Although he tries to work hard he still earns less income to support his family living because he has few fishnets and others tools for his fishing. Thus, Mrs. Kosal P. decided to ask for a loan to buy more fishnets and others tools for her husband’s fishing.


She is 40 years old and the mother of four children, three of whom are employed in a garment factory while the other is attending the local school. Mrs. Reth C. does not come to take a loan but her husband does, so he is presented in the picture instead her.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,107.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kosal Penh Village Bank Group's $2,000 loan helped a member to buy more fishnets and others tools for her husband’s fishing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010