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Choung Svay Group
In this Group: Choung, Eth, Soheng, Mao, Tep, Heang, Koem Heang, Sokha, Chun, Pov, Cheng, Nuon, Sim, Hing, Phally, Sok
Mr. Choung S. is the village bank president for a group loan consisting of 16 people located in Phdau Tboung village in Takeo province. The members of this group will use their loans to purchase supplies, equipment and other items for different purposes.
Mr. Choung S. is 61 years old, a widower, and has two children, one of whom is a construction worker while the other is a laborer in the silk-weaving industry. He is a farmer who owns a 1.5-hectare field to cultivate rice. He is now requesting 400,000 KHR from Kiva partner, AMK, to purchase fertilizer to support his dry farming. All the members are shown in the photograph but some of them are hidden from view.

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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $36,213,225
    Funds lent in using Kiva
  • 4,165.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Choung Svay Group's $1,850 loan helped a member to purchase fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011