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Mr. Art Om Village Bank Group
In this Group: Art, Sinan, Nov, Ry, Srey Neang, Borei, Shina, Seam, Sareth, Mom, Phea, Saoen, Eart, Soeurn, Sohoarn, Veasna, Channy, Sok, Chanthea, Neang, Laihoun, Samnang
Twenty-two people who live in Srae Ampil Village in Kandal Province are part of a village bank loan. Mr. Art O. is a village bank president who has been selected by all the members. They will use the loan for different purposes. He and his wife are farmers who own one hectare of land to cultivate rice for supporting their family. As rice farmers, they have a problem because their field is ready for farming, but they did not have enough money to support it. Thus, Mr. Art O. decided to ask for a loan to do farming this year. Through this activity, this couple supports two children, one of whO. is a laborE., while the othE. is a farmE..

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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,556,825
    Funds lent in using Kiva
  • 4,219.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Art Om Village Bank Group's $2,950 loan helped a member to do farming.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2010
Listed
Apr 22, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011