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Mrs. Phally Eang Village Bank Group
In this Group: Phally, Phalla, Leakh, Ny, Sakt Ly, Neang, Sovanna, Leab, Navy, Phalla, Sokry, Mom
Mrs. Phally E. is a 43-year-old silk weaver. Her husband, Mr. Dy Cheng, is a driver who owns a truck for transportation. Mrs. Phally E. is the mother of four children: one is employed in a garment factory, another is a driver, while the others are students in the local school.

In order to expand her business and improve her family's living conditions, Mrs. Phally E. decided to ask for a loan to buy more silk. She hopes to increase her income and improve the family's living conditions with this loan. She is the village bank president for this group of 15 people located in Chumrov village in Takeo province.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,122,200
    Funds lent in using Kiva
  • 4,157.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phally Eang Village Bank Group's $1,625 loan helped a member to buy more silk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2009
Listed
Feb 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011