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Mrs. Ny Khen Village Bank Group
In this Group: Ny, Sokha, Sophany, Sreikeo, Sina, Sambath, Sichann, Peng, Reth, Sameth, Chhorda, Shinoun, Leap, Savath, Phally, Seda, Sothi, Somaly, Moeurn, Pisey, Narorn, Seth, Navy
The village bank, which consists of twenty-three members, is located in Chrouy Ampil village in Kandal province and they plan to use the loan, which they obtained, for different purposes. Mrs. Ny K. is the village bank president who has been selected by the members. She is a fruit middle woman in the local market. Since her business is doing well, she wants to expand it by purchasing more fruit to resell to earn more income to support her family. Her husband, Mr. Un Sophorn, is a construction worker. Mrs. Ny K., 40 years old, is the mother of two children who are attending 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
  • 198
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ny Khen Village Bank Group's $3,350 loan helped a member to purchasing more fruit to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 26, 2009
Listed
Jun 12, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010