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Mr. Touch Nak Village Bank Group
In this Group: Touch, Sao, Chim, Nhoeun, Huoy, Thoeurn, Nhim, Neang, Noeurn, Phear, Sarim, Mon, Chantha, Tuon, Vin, Neang, Saroeun
Mr. Touch N. is the village bank president of a seventeen-member group and all the members live in Chheu Teal Phlouh village in Takeo province. The members of this group will each use the loan to purchase supplies, equipment and other items to support their family’s standard of living, and they hope to increase their income to improve their family’s standard of living, too.

Mr. Touch N. is a farmer who own a 1.5-hectare (3.75-acre) piece of land he uses to cultivate rice. He is also a village chief who earns a small salary to support his family. This couple has five children, one of whom is a bodyguard while the other four are students in the local school.

Mr. Touch N.’s wife, Mrs. Touch Ouk, is a pig breeder. In order to support his wife’s business, Mr. Touch N. decided to ask for 400,000 Riels from AMK to buy pig feed.

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
  • 126
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,158.9
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Touch Nak Village Bank Group's $2,650 loan helped a member to buy pig feed for his wife's business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2010
Listed
Mar 9, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011