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Mr. Nan Chhoem's Village Bank Group
In this Group: Nan, Yarn, Sophos, Bunthoen, Chandy, Sary, Savy, Samarth, Palla, Chan, Savet, Saphon, Mao, Sokh Chea, Sam Oeurn, Sam Ol, Sreipoch, Chanthy, Chanthol, Sophy, Yada, Phally, Utdom, Shinoen, Khon, Mom, Pheach
Twenty-seven people living in Preak Svay village in Kandal province comprise this village bank, and they will use the loan for various purposes. Mr. Nan C. is the 28-year-old village bank president. He is employed in a garment factory. His wife, Mrs. Hor Nary, is a farmer who owns a small piece of land where she cultivates rice.



In this plantation, she needs the money to buy rice seed, fertilizer, and gasoline to pump water to support the field to make her crop more productive. Thus, Mr. Nan C. decided to ask for a loan for his wife’s purpose. He has two children who are 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
  • 202
    View loans »
    Cambodia Loans Fundraising
  • $37,037,925
    Funds lent in using Kiva
  • 4,150.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Nan Chhoem's Village Bank Group's $3,925 loan helped a member to buy rice seed, fertilizer, and gasoline to pump water.
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