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Mrs. Vuoch Lou Kit Village Bank Group
In this Group: Vuoch Lou, Toem, Sareth, Seam, Sary, Chanthon, Vuoch Lang, Yun, Lom, Ley, Thoem, Savoeurn, Srey Mao, Vuoch Lai, Vuoch Long, Sok Kaev, Chan Nuv, Luy, Sochea, Chann Dary
20 people, who live in Pun Phnum Village in Takeo province, make up this village bank loan and they will each use the loan for different purposes. Mrs. Vuoch Lou K. is the village bank president.

Mrs. Vuoch Lou K. owns a small grocery store 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 groceries for her business. She would use the rest of the loan to buy coconuts to re-sell in her grocery store.

Mrs. Vuoch Lou K. is 43 years old and the mother of three children who are all attending the local school. Her husband, Mr. Um Nhean, helps his wife in her business.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Vuoch Lou Kit Village Bank Group's $2,850 loan helped a member to buy more groceries and coconuts for her store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010