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Mrs. Savet Nou Village Bank Group
In this Group: Savet, Tol, Saron, Saran, Vat, Sokhy, Khom, Voleak, Va, Samon, Savong, Sorphear, Sokunth, Vuth, Srey Pech, Chann Ly, Voeun, Sok Koeun, Sopheap, Koem, Sophea
This is a group loan to 21 people who all live in Dak Por village in Takeo province. The loan is coordinated through the village bank. All the members will use their portion of the loan for different purposes.

Mrs. Savet N. is the village bank president. She is a farmer and owns 0.5 hectares on which she grows rice. Her husband, Mr. Y. Phal, is a construction worker who makes a small income to support the family. Although Mrs. Savet N. and her husband both work hard they still do not earn enough to fix up their house and make it livable. In order to repair her house, Mrs. Savet N. is asking for a loan. Mrs. Savet N. has three children, two of whom are in school and the third is a silk weaver.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,147.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savet Nou Village Bank Group's $3,500 loan helped a member house repairs to make a livable home.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011