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Mrs. Savon Khun Village Bank Group
In this Group: Savon, Lis, Savet, Oen, Reth, Sokheng, Thareth, Chanthy, Ros, Thary, San, Soen, Nai, Chamreun, Srey Leak
The village bank loan consists of fifteen people, all of whom live in Preak Ta Ong village in Kandal province. Mrs. Savon K. has been selected by the village bank members as their president. She is a farmer who owns a piece of land used for cultivating rice. She needs fertilizers and pesticides to support her business because her soil is infertile, so she has decided to ask for a loan to purchase these supplies. Her husband, Mr. Ma Vibol, is a construction worker who supports the family with his small income. The couple have two children; the elder is attending the local school, while the younger is too young to work or study.

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
  • 199
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savon Khun Village Bank Group's $2,800 loan helped a member to buy fertilizers and pesticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010