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Mrs. Lay Chhoem Village Bank Group
In this Group: Lay, Srey Touch, Sot, Sothoeun, Koem Leng, Sokhom, Trob, Nget, Ngaet, Kosal, Yom, Laing, Savoeun, Kimla, Mach, Seang Hay, Sruoy, Srey Not, Mom, Thea
Twenty people make up this village bank loan offered by AMK. Mrs. Lay C. is the village bank president who has been selected by the members who are located in Moeang PraC. village in Takeo province. Each member will use the loan to support a different purpose.

Mrs. Lay C. and her husband, Mr. Nhoung Leng, have a recycling business and earn a small income to support their family living. In order to support this business, Mrs. Lay C. decided to ask for a loan to buy a motorbike to pull a trailer to transport recycled products.

This couple has two children who are students in the local school and also support their parents’ 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
  • 110
    View loans »
    Cambodia Loans Fundraising
  • $35,452,575
    Funds lent in using Kiva
  • 4,189.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Lay Chhoem Village Bank Group's $2,750 loan helped a member to buy a motorbike for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2010
Listed
Apr 7, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011