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Mr. Choum Chev Village Bank Group
In this Group: Choum, Pheach, Sokkhy, Phorn, Ith, Sarim, Srou, Mom, Phart, Peth, Sokun, Sangleng, Chantharn, Sam Khan, Sam Art
Fifteen people living in Ta Nu village in Kandal province comprise this village bank loan group, and they will use the loan for various purpose. Mr. Choum C. is the 37-year-old village bank president. He is a farmer who owns a 1-hectare field where he cultivates rice. Aside from this plantation, he is a construction worker. His wife, Mrs. Toek Lat, is employed in a garment factory.



Although this couple tries to work hard, they still earn not enough income to improve the family's living conditions. In order to improve the living conditions, Mr. Choum C. is requesting a loan to buy piglets to raise. He is the father of two children, one of whom is attending the local school while the younger one is too young to work or study.



Note: Mrs. Srou C. did not come to take her loan but her husband did, so he is shown in the picture instead.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,558,025
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Choum Chev Village Bank Group's $2,450 loan helped a member to buy piglets to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2009
Listed
Jul 30, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010