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Sokhom's Group
In this Group: Sokhom, Phanna, Khean, Yoeun, San, Lorn, Nim, Leng, Yang
This loan group, which consists of nine people, is lead by Mrs. Sokhom C.. She is 45 years old and she lives in Pech Changva Village, TaK. Province. Mrs. Sokhom C. and her husband, Mr. Hor Tuon, are farmers who own a piece of land on which they grow rice. They now face a problem because their field has infertile soil, so Mrs. Sokhom C. decided to ask for a loan to buy fertilizer. With the rest of the loan, she will buy fuel to support the crops on her farm. Mrs. Sokhom C. is a mother of four childrE.. One of her childrE. is employed in a garment factory and the other three are students in the local school. Mrs. Pho Pha, who is the group guarantor, is also presented in the photo with the village bank loan group members.

[Editor's Note: Group guarantors are usually clients who have established a credit history. They guarantee the loans of clients who have less credit history, enabling those clients to take out their first loan or a larger loan. If a member of the loan group cannot pay, the guarantor will share some responsibility for the debt.]

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,155.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokhom's Group's $850 loan helped a member to buy fertilizer and fuel.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 15, 2010
Listed
Feb 4, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011