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Mrs. Near Soeng Village Bank Group
In this Group: Near, Laor, Kheng, Saruon, Nary, Hen*, Hoar, Chreb, Neng
* not pictured
This village bank loan has nine people who all live in Kandal village in Kandal province. Mrs. Near S. is a village bank president who has been selected by all the loan members, who use the loan for different purposes. She is a farmer who owns a small piece of land to cultivate rice for supporting her family. Her husband, Mr. Hung Horm, is a construction laborer.

In the rice field, they have had some problems because it has a lot of insects and it is far from an irrigation system. Thus, Mrs. Near S. decided to ask for a loan to buy pesticides and will use the rest of the loan to buy fuel to improve the production of rice. She is a mother of three children, one of whom is a laborer, while the others are attending a 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
  • 176
    View loans »
    Cambodia Loans Fundraising
  • $35,785,325
    Funds lent in using Kiva
  • 4,170.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Near Soeng Village Bank Group's $1,075 loan helped a member to buy pesticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2010
Listed
Feb 20, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011