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Chhoeun's Group
In this Group: Chhoeun, Rorn, Mom, Veurn, Savy, Meur, Loth, Rith, Vann, Oun, Bin, Sarann, Srey Pov, Pon, Choeun, Khoeurn, Pheap, Tuoch, Taem
Mr. Chhoeun N. is 51 years old and the village bank president who has selected by the 19 members, who are located in Krang Sbaek village in Takeo province. Each member of this group loan will use their loan for different purposes. Mr. Chhoeun N. is a farmer who owns a one-hectare field to cultivate rice. His wife, Mrs. Yorn Oung, is a tamarind seller who earns a small income to support her family. Mr. Chhoeun N. is requesting a loan to purchase a motorcycle to provide transport for his child, who is a seamstress 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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,169.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chhoeun's Group's $2,650 loan helped a member to purchase a motorcycle for his child.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011