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Mrs. Siem Chor Village Bank Group
In this Group: Siem, Py, Sreineang, Sokheang, Channa, Vantha, Sambou, Vy
This village bank loan has eight members, all of whom live in Prek Pang village in Kandal province. Mrs. Siem C. is the village bank president who has been selected by all the members. Each of tH. will use the loan for different purposes. She and her husband, Mr. Vuth Neang, are farmers who own a small piece of land on which they cultivate rice to support their family. Their rice field has problems in that its soil is infertile and it is far from the irrigation system. Thus, Mrs. Siem C. decided to ask for a loan to buy fertilizer and gasoline to increase their rice yield. The couple has five children. One of tH. is a policeman, another is a seamstress in a garment factory, and the others are enrolled in local public school.

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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,191.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Siem Chor Village Bank Group's $1,125 loan helped a member to buy fertilizer and gasoline to increase rice yield.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2010
Listed
Mar 10, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011