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Mrs. Soty Cheam Village Bank Group
In this Group: Soty, Vannara, Chantha, Yet, Kouy, Sophall, Srei, Sokeang, Somly, Yorn
The village bank consists of ten members and is located in Tareap Doun village, in the Kandal province. The group plans to use the loan that they have obtained for different purposes. Mrs. Soty C. has been selected by the Village Bank members to be the bank president. She is a 33 year old mother, with a small child who is too young to either work or study. She operates a small business as a fish seller. Her husband, Mr. Chhay Phana, is a motorbike taxi driver. He is also a fisherman and is in need of a boat to support his fishing business. Mrs. Soty C. has decided to request a loan to buy a boat for her husband.

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,587,375
    Funds lent in using Kiva
  • 4,154.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Soty Cheam Village Bank Group's $1,700 loan helped a member to buy a buy boat for her husband's fishing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2009
Listed
Jul 13, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010