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Mr. Chamnab Kit Village Bank Loan Group
In this Group: Chamnab, Vanneth, Piy, Soy, Koem Sroy, Maly, Navy, Kimheng, Nget, Chanthy, Naet, Thy, Teng, Sok Lim, Chann Thach, Chann Thuon, Sey
A village bank loan which consists of seventeen people is located in Thmei village in Takeo province and all the members will use the loan in different purposes. Mr. Chamnab K. is the village bank president. He is a farmer who owns a small piece of land to cultivate both rice and vegetables. In his plantation, he needs pesticides to kill insects. In order to deal this problem, he decided to ask for a loan for this purpose and he would use the rest of loan to hire laborers to work on the field. His wife, Mrs. K. Seng Ly, is a weaver. Mr. Chamnab K. is 35 years old and the father of three children, two of whom are enrolled in the local school and the youngest 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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,147.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Chamnab Kit Village Bank Loan Group's $2,200 loan helped a member to ask for a loan pesticides to kill insects and he would use the rest of loan to hire laborers to work on the field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011