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Mrs. Sovann Phai Village Bank Group
In this Group: Sovann, Saveth, Chanthol, Lim, Nhak, Um, Pheng, Saroeun, Seab, Mach, Phal, Savin, Chann, Sarann, Sokhorn, Phen, Toeurn
Seventeen people who are all in Kandal village in Takeo province make up the village bank loan group, and they will use the loan which they obtained for different purposes. Mrs. Sovann P. is the village bank president, and she is a farmer who owns a small piece of land where she cultivates rice to earn a living. Aside from this planting, she is a silk weaver in the local village.

Her husband, Mr. P. Pheurn, is a construction worker. Since his work place is far from house, Mrs. Sovann P. decided to ask for a loan to buy a motorbike for her husband to ride to work in order to reduce their expenses. Mrs. Sovann P. is 35 years old and the mother of four children, two of whom are attending the local school. The other two are too young to work or study so they stay home.

Mrs. Phen P. did not come to take the loan but her father did, so he is in the picture instead her. He is sitting behind the other villagers.

Eleven members in this group have end-of-term loans and the rest have monthly payment loans. The EoT borrowers are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financially able to. Most clients start to make payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

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
  • 322
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,202.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sovann Phai Village Bank Group's $2,250 loan helped a member to buy a motorbike for her husband to ride to work.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 27, 2009
Aug 12, 2009
Currency Exchange Loss:
Aug 15, 2010