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Mrs. Hon Soam Village Bank Group
In this Group: Hon, Sikhorn, Sreiphea, Kuylang, Sorphea, Neth, Neang, Kosal, Daran, Sarem, Sakum, Thary, Sambor, Shina, Savoen, Rany, Sareth, Phallin
This village bank, which consists of eighteen members, is located in Sdau Kanlaeng village in Kandal province and they plA. to use the loA. which they obtained for different purposes. Mrs. Hon S. is the village bank president, who has been selected by the members. She is a farmer who owns a 1.5 hectares of land where she cultivates rice to earn a living. In this plantation, she faces a problem because she does not have enough money to hire laborers to harvest the rice. Thus, she decided to ask for a loA. for this purpose. Her husband, Mr. Rath Chhin, is a construction worker. Mrs. Hon S. is a 49 year old mother of six children, two of whom are construction workers, while the other three are employed in a garment factory, and the remaining one attends the local school.

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
  • 87
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,138.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Hon Soam Village Bank Group's $2,625 loan helped a member to hire laborers to harvest rice.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010