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Sim Chhit Village Bank Group
In this Group: Sim, Sa Voeurn, Porn, Mom, Srey, Lonh, Ly, Srey Pov, Khann, Pheap, Thorn, Voeun, Nhean, Saroem, Chanthorn, Kei
The Village Bank loA. consists of sixteen people and they all live in Phngeas village in Takeo province. Sim C., a village chief, is president and was selected by the members. His wife, Nat Nhorn is a rice farmer who owns a plot of land. She faces a problem because her field is infertile. Sim C. decided to ask for a loA. to buy fertilizers to renew the field.

Chanthorn U., who is sharing in the loA. is not present in the photo. Her husband is pictured.

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
  • 165
    View loans »
    Cambodia Loans Fundraising
  • $35,951,550
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sim Chhit Village Bank Group's $3,000 loan helped a member buy fertilizer to support the field to make a crop more productive.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2009
Listed
Nov 16, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010