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Sovannary's Group
In this Group: Sovannary, Neang, Saroeurn, Mom, Sarorn, Ya
Six people are made a group loan who all live in Tep Archun village in Kandal province. Mrs. Sovannary K. is a group leader who has been selected by all the members they will use a loan in different purpose. She is house wife and her husband, Mr. Vo Nhean, is a laborer construction. This couple has seven children, one of whom is employed in garment factory, another is a sewer, another is in mobile phone repair, and the others are attending a local public school. However this family tries to work hard, so they can earn more income. Thus, in order to improve condition family living, Mrs. Sovannary K. decided to ask for a loan to buy telephones to re-sell for starting her new business.

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
  • 134
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,172.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sovannary's Group's $850 loan helped a member to buy telephones to re-sell for starting her new business.
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