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Mrs. Savoeun Oem Village Bank Group
In this Group: Savoeun, Navy, Lorn, Nak, Aem, Sambath, Sokhom, Thet, Mak, Morn, Eng, Voeurn, Phou, Saroem
This village bank loan consists of fourteen people who live in Prech village in Takeo province. Mrs. Savoeun O. is the village bank president, selected by all the members who will use the loan for different purposes.

Mrs. Savoeun O. is a soft drink and chicken seller in the local village. Since her business is going well, she wants to expand. To improve her business, Mrs. Savoeun O. is requesting a loan to buy more chickens and soft drinks for resale. Her husband, Mr. Kem Boeurn, is a construction worker and a farmer who owns a plot of land to grow rice and vegetables to sell to support his family. They have a 2-year-old child.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,565,475
    Funds lent in using Kiva
  • 4,228.3
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savoeun Oem Village Bank Group's $1,950 loan helped a member to buy more chickens and soft drinks for resale.
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