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Mrs. Choeun Uk Village Bank Group
In this Group: Choeun, Kun, Sopheap, Sidin, Moeurn, Toarn, Sam Ol, Sis, Reth, Chea, Vuthi, Suth, Kunthea, Yern, Bun, Ron
Sixteen people in Chheu Teal village in Kandal province are taking out a village bank loan. They will each use their portion of the loan in different ways to improve their businesses in the future. Mrs. Choeun U. is the village bank president who has been selected by all the members. She is a farmer who rents a small piece of land to grow rice and vegetables to sell to support her family. Her field is ready for farming; Mrs. Choeun U. is asking for a loan to improve production. Her husband, Mr. Mab Bul, is a cow middleman. Mrs. Choeun U. is a mother of a child who is seven 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
  • 192
    View loans »
    Cambodia Loans Fundraising
  • $37,019,450
    Funds lent in using Kiva
  • 4,276.4
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Choeun Uk Village Bank Group's $2,475 loan helped a member to do farming.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011