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Mrs. Sokhoen Toem Village Bank Group
In this Group: Sokhoen, Kimsrorn, Samon, Sreng, Chanthy, Chhorvy, Sareom, Sarorn, Sarorn, Sony, Sokhom, Nheob, Chanphal, Chanthoen, Hun, Phat, Nai Eng, Shivutha, Crech, Tha, Sinav, Sotay, Kunthea, Vasna, Punlork, Ya, Phirum
The village bank, which consists of 27 members, is located in Popeal Khae village in Kandal province. Its members plan to use this loan for different purposes. They have elected Mrs. SokhoE. T. as the village bank president. She is a grocer who owns a small store. Since her business is doing well, she has many of customers who have a variety of demands. She has requested this loan to purchase more goods for her store to support her customers' needs. In doing so, she hopes to increase her income and improve her business.

Her husband, Mr. H. Vachar, uses a motorbike with cart to deliver goods to earn money. Mrs. SokhoE. T. is 29 years old and the mother of two childrE., one of whom is attending the local school while the other is too yoU. 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
  • 255
    View loans »
    Cambodia Loans Fundraising
  • $37,497,250
    Funds lent in using Kiva
  • 4,126.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sokhoen Toem Village Bank Group's $3,950 loan helped a member to request a loan to purchase more grocery products to support her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010