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Mr. Sophal Uy's Village Bank Group
In this Group: Sophal, Sav, Ann, Sam Arth, Saret, Kolab, Kim, Chanthy, Saroen, Choun, Samnang, Sothy, Keng, Phorn, Sithol, Phally, Sopheap, Sopheak, Chankosal, Choen, Shitha, Vannak, Pok, Pheach
This village bank which consists of twenty-four members is located in Preak Svay village in Kandal province, and they plan to use the loan which they obtained for different purposes. Mr. Sophal U. is the village bank president who has been selected by the members. He and his wife, Mrs. B. Sary, are farmers who own a plot of land where they grow vegetables.



In their growing, they face an obstacle because their field is far from the irrigation system. Thus, Mr. Sophal U. decided to ask for a loan to bU. hoses, and he would use the rest of money to cultivate rice. He is 45 years old and the father of six children, one of whom is a construction worker while two others are farmers; two are enrolled in the local school and the remaining one is too young to work or study.

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
  • $36,207,275
    Funds lent in using Kiva
  • 4,150.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Sophal Uy's Village Bank Group's $3,375 loan helped a member to buy hoses and cultivate rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
May 18, 2010