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Mr. Ban Meach Village Bank Group
In this Group: Ban, Chin, Theavy, Srey Touch, Kolab, Srey Pov, Phen, Kuor, Pheakkdey, Prich, Sambok, Chea, Koem Chrorn, Kunthea, Thy, Pum, Pich, Sarun, Chheavy
Mr. Ban M. is a chief in wedding parties and his wife, Mrs. Pho Khiev, is a farmer with 2 hectares of land. She grows rice to sell to support her famiL.. He is the father of a child who helps to do the farming. No matter how hard they try to work, they cannot earn enough income because their field has infertile soil and it's time to plow. Thus, Mr. Ban M. decided to ask for a loan to buy fertilizer and rice seed. With the rest of the loan, he would like to hire some farmers to plow the rice field.

Mr. Ban M. is village bank president who has been selected by all the members. Nineteen people are in this village bank, who all live in Phnum Lonteah village in TaK. province. They will use the loan for different purposes.

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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,012,675
    Funds lent in using Kiva
  • 4,182.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Ban Meach Village Bank Group's $3,500 loan helped a member to buy fertilizer and rice seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2010
Listed
Mar 8, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011