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Mrs. Heng Chhom Village Bank Group
In this Group: Heng, Sok, Mao, Touch, Moeun, Neng, Srey Touch, Phan, Sokhorn, Sok Ly, Touch, Nat, Phon, Penh, Sokha, Sok Lim, Thavy, Phal
This village bank loan involves 18 people who live in Kruos village in Takeo province. Heng C. is the bank president and a silk weaver. Since her business is going well, she wants to expand by purchasing more raw materials to support her business. Her husband, Ren Reth, farms a plot of land he owns to cultivate rice. He is also a duck breeder. Heng is 42 years old and the mother of four children. One is a blacksmith and another is employed in a garment factory. The others are enrolled in the local school.

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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Heng Chhom Village Bank Group's $2,800 loan helped a member buy raw materials to support her business.
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