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Mrs. Sarom Long Village Bank Group
In this Group: Sarom, Kimseang, Lang, Thydoy, Yang Leang, Le, Uk, Sai Heang, Thybe, Soeng, Lang, Pheong
A village bank loan which consists of twelve people is located in Kbal Chrouy village in Kandal province. Mrs. Sarom L. is a village bank president who has been selected by the members who will all use the loan for different purposes. She is a vegetable seller in the local village and her husband, Mr. TO. Sorn, is an ice crE. seller who can earns little income to support his family. In order to improve their living conditions, Mrs. Sarom L. decided to ask for a loan to buy more vegetables to sell. She is a mother of five children who are enrolled in the local public school.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,160.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sarom Long Village Bank Group's $1,975 loan helped a member to buy more vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011