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Mrs. Lay Chhum Village Bank Group
In this Group: Lay, Sophea, Sophy, Yen, Channa, Phea, Sunny, Vann, Run, Tha, Tum, Tha, Makara, Shithorn, Kemleang, Neng, Sophorn
This village bank has seventeen people who all live in Prey Totueng village in Kandal province. Mrs. Lay C. is the village bank president who has been selected by all the members; they will use the loan for different purposes. She owns wedding hall to hire out when someone is celebrating a wedding. Her husband, Mr. C. Ket, is a farmer who owns 1.5-hectare of land to grow rice on to support his family. However hard this family tries to work, they can earn little income because their wedding hall is too old to use.



Thus, in order to improve the family's living conditions, Mrs. Lay C. decided to ask for a loan to buy more cL. to decorate the wedding hall. This couple does not have any children.

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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $36,179,850
    Funds lent in using Kiva
  • 4,165.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Lay Chhum Village Bank Group's $2,675 loan helped a member to buy more cloth to decorate the wedding hall.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011