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Mrs. Makara Phan Village Bank Group
In this Group: Makara, Nary, Saroeurn, Ben, Leng, Soem Roem, Mean, Yoeurn, Chan Thorn, Chanthan, Torn, Thol, Sochea, Mut, Rany
This village bank loan consists of 15 people located in Smau Khchei village in Takeo province and all the members will use the loan for different purposes. Mrs. Makara P. is the village bank president. She is 21 years old and the mother of a child who is too young to work or study.

Mrs. Makara P. is a laborer who makes a small income to support her family. Since the workplace is far from home, she needs to use more money on transportation. Thus, she decided to ask for a loan to bU. a motorbike to go to work. Her husband, Mr. Pich Socheat, is a soldier who makes a small income to support the family.

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
  • 60
    View loans »
    Cambodia Loans Fundraising
  • $35,062,725
    Funds lent in using Kiva
  • 4,150.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Makara Phan Village Bank Group's $2,350 loan helped a member to buy a motorbike to go to work.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2009
Listed
Jan 6, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010