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Mrs.seng Kim Thai Villag Bank Group
In this Group: Seng Kim, Sam Ol, Bunthy, Sokh Im, Somaly, Sokha, Sokhom, Sam Ol, Soem, Pov, Chenda, Thou, Chhorn, Kea, Thoun, Khom
This village bank loan consists of sixteen people located in Preak Svay village in Kandal province. Mrs. Seng Kim T. is a village president who has been selected by the group members. They all use the loan for different purposes.

She is a vegetable seller and her husband, Mr. Bou Oring, is a Khmer noodle seller in the local market. This family earns a small income even though they try to work hard in their business. In order to improve their living conditions, Mrs. Seng Kim T. decided to ask for a loan to buy more noodles and vegetables for resale to increase profits.

She is the mother of six children. One is employed in a garment factory, one is a construction laborer and another one helps with housework. Her other children all attend a local public school.

All the group members are shown in the picture.

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
  • 138
    View loans »
    Cambodia Loans Fundraising
  • $36,160,175
    Funds lent in using Kiva
  • 4,160.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs.seng Kim Thai Villag Bank Group's $3,025 loan helped a member to buy more noodles and vegetables for resale.
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