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Mrs. Ret Pha Village Bank Group
In this Group: Ret, Khon, Sokha, Sokhoeun, Som Onn, Sarom, Saroeun, Yon, San, Savy, Mom, Chanthol, Sokhut, Sokhom, Sa Vun, Sa Vann, Hoeun, So Pheap
This village bank loan, which consists of eighteen people, is located in Lvea Sa Kraom village in Kandal province and each member will use the loan for a different purpose.

Mrs. Ret P. is the village bank president. She is 31 years old and the mother of four children who are attending the local school. She is a farmer who owns a piece of land on which she grows vegetables.

Mrs. Ret P.’s husband, Mr. Un Sovann, is a vegetables middleman. Since his business is going well, he wants to expand it. Thus, Mrs. Ret P. decided to ask for a loan to buy more vegetables for him to resell to earn more income.

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
  • $36,181,550
    Funds lent in using Kiva
  • 4,135.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ret Pha Village Bank Group's $2,400 loan helped a member to buy more vegetables for her husband to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010