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Mrs. Chan Sy Tum Village Bank Loan Group
In this Group: Chan Sy, Sokhin, Srey, Sokheth, Teng, Somaly, Sarom, Phai, Sun, Touch, Nguon, Chheang, Sary, Sophorn
Fourteen people who all live in Chheu Teal village in Takeo province comprise the village bank loan. Mrs. CH. Sy T. is the village bank president selected by the members. She is a silk weaver in the local village. Since this business is going well, she wants to expand it. So she decided to ask for a loan to buy more silks to weave. She hopes to increase her income and improve her living conditions with the loan. Her husband, Mr. Chum ChH., owns a small piece of land (0.2 hectare) to cultivate rice. Mrs. CH. Sy T. is 29 years old and the mother of two children, one of whom attends the local school and one is too young to work or study.

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
  • 203
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,100.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chan Sy Tum Village Bank Loan Group's $1,375 loan helped a member to buy more silks to weave.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010