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Mrs. Ra Chhean Village Bank Group
In this Group: Ra, Ny, Sokhoeun, Sam Ol, Y, Sophy, Aun, Kosal, Vann, Chenda, Sokhom, Sreilin, Veasna, Sophoeurn, Munny, Mara, Phally, Sarom, Salon, Oun
This village bank consists of twenty members located in Sdau Kanleng village in Kandal province and they plan to use the loan for various purposes. Mrs. Ra C. is the village bank president who has been selected by the members. Mrs. Ra C. is 35 years old and the mother of three children, one of whom is attending the local school while the others are too young to study. Her husband, Mr. D. Sorin, is a construction foreman. Mrs. Ra C. is a farmer who owns a small piece of land to grow mangos; however her field is infertile, which has an impact on her crop. In order to solve this problE., she needs to buy fertilizer to increase crop production, so has asked for a loan for this purpose.

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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,585,575
    Funds lent in using Kiva
  • 4,145.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ra Chhean Village Bank Group's $2,775 loan helped a member to buy fertilizer to support her mango growing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010