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Mr. Pon Sam Village Bank Group
In this Group: Pon, Phuong, Pheary, Sreav, Lay Chi, Meany, Nov, Kroeun, Ream
This village bank which consists of nine people is located in Pech Changva village in Takeo province. Mr. Pon S. is the village bank president who has been selected by the members, and they will use the loan which they obtained for different purposes.

Mr. Pon S. and his wife, Mrs. Chek Cheng, are farmers who own a small piece of land where they cultivate rice. On this farm, they face a problem because their field has infertile soil. In order to deal with this problem, Mr. Pon S. decided to ask for a loan to buy fertilizers to support the field to make his crop more productive. He would use the rest of the loan to buy pesticides to kill all kinds of insects. Mr. Pon S. is the father of two children who are both farmers.

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
  • 198
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,163.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Pon Sam Village Bank Group's $750 loan helped a member to buy fertilizers and pesticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 17, 2009
Listed
Jan 15, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011