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Mrs. Srey Leak Heng Village Bank Group
In this Group: Srey Leak, Srorn, Kongkie, Leang, Pov, Bor, Srien, Chhiv, Leung, Chanthoeun, Chan
Eleven people make up a a village bank loan. They all live in Tep Archun village in Kandal province. Mrs. Srey Leak H. is the village bank president who has been selected by all the members who will each use their loan for a different purpose. Mrs. Srey Leak H. is a farmer who owns a small piece of land where she cultivates rice for supporting her family. Her husband, Mr. Phearam Chhen, is a construction laborer. The family has a problem because their house is too old to live in. Therefore, in order to improve the family living conditions, Mrs. Srey Leak H. is asking for a loan to buy timber to construct her house. This couple does not 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 308
    View loans »
    Cambodia Loans Fundraising
  • $37,564,275
    Funds lent in using Kiva
  • 4,172.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srey Leak Heng Village Bank Group's $1,500 loan helped a member to buy timber.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2010
Listed
Feb 26, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011