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Mr. Yoen Khem Village Bank Group
In this Group: Yoen, Ly, Sary, Thybeing, Loeng, Sopheak, Srey Neang, Chanthy, Rann, Ang, Savy, Savoen, Ream, Phall, Seing, Shim, Kemleang, Sokha, Sameth, Khoeun, Sarany, Thiha
Twenty-two people who all live in Khsom village in Kandal province make up the village bank and they will use the loan in different ways. Mr. Y. K. is the village bank president. He has been selected by the members. Mr. Y. K. is a fisherman who can catch a little fish for his living. In his business, he now faces a small problem because his boat is too old and it cannot go to catch the fish; thus, he decided to ask for a loan to buy a boat for this purpose. His wife, Mrs. Yom Keop, is conducting a firewood cutting business. They try to help each other in order to improve their living conditions. Mr. Y. K. has six children who are all working in different businesses.

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
  • 182
    View loans »
    Cambodia Loans Fundraising
  • $35,963,325
    Funds lent in using Kiva
  • 4,150.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Yoen Khem Village Bank Group's $3,100 loan helped a member to buy a fishing boat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2009
Listed
Jun 25, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010