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Mrs. Thoeun Chhin Village Bank Group
In this Group: Thoeun, Srey Nov, Ron, Im, Saraem, Un, Kim, Ret, Noeurn, Lay, Vanny, Samon, Chheng, Ok, Saroeun
This village bank loan consists of 15 people who all live in Dak Por village in the Takeo province. Mrs. Thoeun C. is the village bank president who has been selected by the members. She is a farmer who owns small piece of land on which to cultivate rice. Aside from this plantation, she breeds pigs and chickens. Her husband, Mr. M. Thy, is a construction worker. Although this couple tries to work hard, they still do not earn enough income to meet their needs.

Mrs. Thoeun C. decided to ask for a loan to buy cement and other equipment to build a house for her family. She is 35 years old and the mother of five children, one of whom is employed in a garment factory while two are attending the local school and the others are 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Thoeun Chhin Village Bank Group's $2,000 loan helped a member to buy cement and other equipment to build a house for her family.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011