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Mrs. Onn Ell Village Bank Group
In this Group: Onn, Khoem, Puth, Sony, Chenda, Heang, Keomsrorn, Sophy, Sam Oll, Sengly, Sengnam, Samorn, Keang, Meng Seik, Vibol, Buntheoun, Saveoun
Seventeen people who are all living in Troeuy Troeng village in Kandal province make up this village bank loan. Mrs. Onn E. is the village bank president who has been selected by the members and they each will use the loan for different purposes.

Mrs. Onn E. is a 41-year-old widow and now she is a Khmer cake seller. Since her business is going wE., she wants to expand it. Currently, she does not have enough money to buy more ingredients to make more cakes to sE. to earn more income to support her living conditions. In order to deal with this problem, she decided to ask for a loan for this purpose.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,161.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Onn Ell Village Bank Group's $3,125 loan helped a member to buy more ingredients for making Khmer cakes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2009
Listed
Nov 16, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010