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Mrs. Savoen Bor Village Bank Group
In this Group: Savoen, Chantho, Khem, Pao, Mary, Puth, Sangat, Chanthorn, Se, Khun Neary, Srey Neang, Samath, Sreinith
There are 13 people living in Preak Ta Thok village in Kandal province who make up the village bank loan. Mrs. Savoen B. is the village bank president; she has been selected by all the members. They will use the loan for different purposes. She is a pig breeder in her house and her husband is a white wine maker who can earn some income to support his family. In order to increase her income to improve her family's standard of living, Mrs. Savoen B. decided to ask for a loan to buy more piglets for breeding. She is the mother of four children. One of the children is too young to school or work, and the others are attending the 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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,019,450
    Funds lent in using Kiva
  • 4,190.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savoen Bor Village Bank Group's $2,025 loan helped a member to buy more piglets for breeding.
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