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Mrs. Nhong Nheong Village Bank Group
In this Group: Nhong, Sokheng, E, Chab, Khom, Orm, Pov, Thorn, Hor, Thouha, Are, Tong, Soaphea, Ngy, Yann, Sream
Mrs. Nhong N. is the elected leader of a sixteen-person loan group in Preaek Ta In village in Kandal province. She breeds fish and her husband is a construction worker and farmer who owns a plot of land to cultivate rice to feed his family. Since her business is goI. well, she wants to expand and so is askI. for a loan to buy fish food to breed more fish. The couple has three children — one a fish seller, and the others still in 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
  • 329
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,190.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Nhong Nheong Village Bank Group's $2,700 loan helped a member to buy fish food to breed fish.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 23, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011