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Mrs. Sat Sem Village Bank Group
In this Group: Sat, Soknea, Leakena, Sarom, Srey Nang, Sot, Srey, Sarann, Sary, Phally, Navy, Sarorn, Noeun, Sok
This village bank loan includes 14 people who live in Trapeang Young village in Takeo province. Mrs. Sat S. is the village bank president who has been selected by all the members. They will use the loan for different purposes. She is a weaver in the local village and her husband, Mr. Cheng Rort, is a Khmer teacher and a farmer who owns a small piece of land to grow rice to support his family. In order to expand her business, Mrs. Sat S. decided to ask for a loan to buy more silk for weaving. She is the mother of two 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
  • 289
    View loans »
    Cambodia Loans Fundraising
  • $37,541,925
    Funds lent in using Kiva
  • 4,150.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sat Sem Village Bank Group's $2,650 loan helped a member to buy more silk for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2010
Listed
Feb 25, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011