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Mrs. Koem Phe Village Bank Group
In this Group: Koem, Sary, Makara, Chanthoeurn, Sophea, Bunreth, Vung, Mon, Minea, Tangkea, Mabb, Srey Pov
The village bank, located in Sdau Kanlaeng in Kandal, plans to use the loan they obtained for different purposes. Mrs. Koem P. is the village bank president who has been selected by the bank's 12 members. She is a housewife who is a good cook for her family. Her husband, Mr. Chey Mun, is a construction worker. Mrs. Koem P. is requesting a loan to have a ceremony when her child enters a monastery. She is 51 years old and the mother of five children, two of whom are employed in a garment factory while two others are construction workers. The remaining one attends 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
  • 111
    View loans »
    Cambodia Loans Fundraising
  • $35,436,925
    Funds lent in using Kiva
  • 4,154.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Koem Phe Village Bank Group's $1,625 loan helped a member to have a ceremony when her child enters a monastery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2009
Listed
Jul 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010