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Phally's Group
In this Group: Phally, Penh, Sreyny, Leang Hov, Sokhon, Sareat, Soeurng, Sarin
The eight members who make up the village bank loan are located in Trapean Young village in Takeo province. Mrs. Phally H. is 36 years old and is the village bank president, selected by the members. Each member of this village loan will use the loan for a different purpose. Mrs. Phally H. is a farmer who owns one hectare of land to cultivate rice. She is also a silk weaver. For her silk weaving business, Mrs. Phally H. decided to ask for a loan to buy silk weaving supplies to support her silk weaving. Her husband, Mr. Teou H. is a construction worker who gets a small salary to support his family. This couple has three children who all are students in the local 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
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $37,046,750
    Funds lent in using Kiva
  • 4,256.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phally's Group's $1,175 loan helped a member to buy silk weaving supplies.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2010
Listed
May 2, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011