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Soen Phy Group
In this Group: Soen, Pov, Vanny, Phai, Sophal, Mom, Sreang, Chantha, Sophall, Chanleab, Sophall, Chanthavy, Samoeun
Mrs. Soen P. is the village bank president for a 13-member group loan offered by Kiva partner, AMK. The group members are located in Chey Chumneah village in Kandal province and will use their loans to purchase equipment, supplies and other items for different purposes.

Mrs. Soen P. and her husband, Kol Phon, are farmers who rent a 1.5-hectare field for farming. They now face a problem because they do not have enough money to support their farm. Therefore, Mrs. Soen P. has decided to ask for a loan to buy fertilizer and pesticide to support her crops. The couple has four children – two are seamstresses in a garment factory, one is a farmer, while the other is a student and helps in the family's farming 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
  • 309
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,174.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Soen Phy Group's $1,875 loan helped a member to buy fertilizer and pesticide.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 16, 2011