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Mrs. Shiphat Chea  Village Bank Group
In this Group: Shiphat, Bourith, Vorn, Vy, Kemlee, Sam Ann, Minea, Shinoen, Sreynith, Dara
This village bank loan consists of ten people located in Khmot village in Kandal province. All the members will use the loan for different purposes. Mrs. Shiphat C. is the village bank president. She is a farmer who owns a small piece of land to cultivate rice. Aside from this plantation, she is a teacher and makes a small income to support the family. Mrs. Shiphat C. is 60 years-old and a widow with two children who are employed in a garment factory. Although they try to work hard, they still earn insufficient income to support the family and they cannot build a kitchen. In order to build the kitchen, Mrs. Shiphat C. is asking for a loan.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,157.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Shiphat Chea Village Bank Group's $1,550 loan helped a member to build a kitchen.
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