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Mrs. Sophea Sem Village Bank Group
In this Group: Sophea, Dany, Chi, Lon, Pov, Srei Noch, Channoeun, Soemly, Kosal, Sok Eang, Yon, Sokha, Doeun, Si Lorn, Sokha, Si Morn, Si Mon, Sath, Ma La, Sarng, Sam Akk, Theary
Twenty-two people are part of a village bank loan, and they all live in Chanlak village in Kandal province. Mrs. Sophea S. is the village bank president, and was selected by all the members. The group members will use the loan for different purposes. She is a vegetable seller in the market. Since her business is doing well, she wants to expand it. Thus, Mrs. Sophea S. decided to ask for a loan to buy more vegetables for reselling. Her husband, Mr. Pech Rous, is a farmer who rents a plot of land to cultivate rice to support his family. Through this activity, the couple supports two children, who are seamstresses in a garment factory.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,254.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sophea Sem Village Bank Group's $3,925 loan helped a member to buy more vegetables for re-selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2010
Listed
Mar 26, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011