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Mrs. Eng Ly Nget Village Bank Group
In this Group: Eng Ly, Sok Leang, Nan, Savy, Kimsreang, Kong Vong, Leap, Phary, Seng Ly, Ban, Theng, Phalley, Sophorn
Thirteen people who live in Ampil Lech village in Takeo province make up a village bank loan group. Mrs. Eng Ly N. is the village bank president, selected by all the members. They will use the loan for different purposes so that it can improve their businesses in the future.

Mrs. Eng Ly N. is a weaver and her husband, Mr. Roeurn Yen, is a farmer who owns a plot of land to cultivate rice on to sell to support his family. Since her business is going well, she wants to expand. Thus to improve her family's living conditions, Mrs. Eng Ly N. is seeking a loan to buy silk. She is the mother of three children, one of whom is a weaver, while another one is enrolled in local public school, and the youngest one is only three years old.

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
  • 102
    View loans »
    Cambodia Loans Fundraising
  • $36,158,875
    Funds lent in using Kiva
  • 4,228.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Eng Ly Nget Village Bank Group's $2,275 loan helped a member to buy silk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011