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Mr. Vet So Of The Village Bank Group
In this Group: Vet, Thoeun, Ok, Sokhom, Sat, Sokhorn, Sok Lang, Thorn, Sang Phal, Chham, Savoeun, Sareom, Sary, Phalla, Heng, Koy Ny, Phat, Ty, Saraen
This is for a village bank loan, a group which consists of nineteen people, and they all live in Krouch village in Kandal province. Mr. Vet S. is the village bank president who has been selected by the members. He is a farmer who owns a plot of land to cultivate rice. He alS. owns a rice milling machine. His wife, Mrs. Haen Kal, uses the rice to make wine to sell. She is a pig breeder. Since her breeding pigs business is going well, she wants to expand it. Thus, Mr. Vet S. decided to ask for a loan to buy more piglets for breeding. He is 65 years old and the father of a child who helps the parents work. Mrs. Koy Ny M. did not come to take a loan but her husband is, S. he is presented in the picture instead.

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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $37,037,925
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Vet So Of The Village Bank Group's $2,400 loan helped a member to ask for a loan to buy more piglets for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 17, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010