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Mrs. Yen Ek Village Bank Group
In this Group: Yen, Chroeb, Na, Ouern, Art, Sarann, Sae, Him, Nget, Sien, Heang, Pov, Touch, Kuoy, Chhun Heng, Hy, Noeun
Seventeen people who live in Prey Chheu Teal village in Takeo made up this village bank loan. Yen E. has selected the members and they will use their loan for different purposes. She is a silk weaver and her husband is a rice farmer who owns a piece of land to earn a living. Yen requests a loan to buy raw materials to support her business and to buy fertilizer to boost the rice field. She hopes to increase their income and improve their family lifestyle. She is 28 years old and the mother of two children. One attends school and the other is pre-school age.

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
  • 308
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Yen Ek Village Bank Group's $1,725 loan helped a member buy raw materials and fertilizers.
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