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Mrs. Sopha Koem Village Bank Group
In this Group: Sopha, Rany, Sam Oeurn, Tang You, Pean, Sorphorn, Ky, Shim, Bra, Sokvatt, Lampha
This village bank loan has eleven people who live in Prek Pang village in Kandal province. Mrs. Sopha K. is the village bank president, selected by the members of the team. The members will use the loan for different purposes. Mrs. Sopha K. is a farmer who rents a piece of land to cultivate rice in order to support her family. She also sells fish on the side. Since her business is going well, she wants to expand it. Thus, Mrs. Sopha K. has decided to ask for a loan to buy more fish. She will also use some of the loan to buy gasoline for resale, a new business venture. She is a widow with one child who is an iron welder.

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
  • 253
    View loans »
    Cambodia Loans Fundraising
  • $37,497,250
    Funds lent in using Kiva
  • 4,174.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sopha Koem Village Bank Group's $1,650 loan helped a member to buy fish and gasoline to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011