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Mrs. Sothy Chheang Village Bank Group
In this Group: Sothy, Vibol, Sony, Chanthy, Kem, Chanthy, Sophat, Chhek, Kheng, Sok Li, Naren, Savan, Chantha, Both, Sokha, Vannak
Mrs. Sothy C. is a beautician. She is 29 years old and the mother of two children who are just 2 and 4 years old. Her husband, Mr. Sreng Chamroeun, is a construction worker. Now she is requesting a loan to buy some supplies for her beauty shop. She hopes to increase her income and improve her family's living conditions with this loan.


Mrs. Sothy C. is the village bank president who has been selected by the members. This village bank loan includes sixteen people who all live in Slab Ta Aon village in Kandal province.

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
  • 269
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sothy Chheang Village Bank Group's $2,700 loan helped a member to buy supplies for a beauty shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 26, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010