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Mrs. Phal Vay Village Bank Group
In this Group: Phal, Sarom, Srang, Prang, Ren, Hum, Mom, Prev, Choeurn, Ny, Sok, Sopheak, Eth, Vann, Mun, Pheap
In Meun Tumrong village in Takeo province are 16 people who are make up a village bank loan. Mrs. Phal V. is the village bank president, selected by all the members. Each member will use the loan for a different purpose. She is a farmer who owns a 2.5-hectare piece of land to cultivate rice to sell to support her family. Her problem is that her rice field has infertile soil. So to improve her rice production, Mrs. Phal V. is requesting a loan to buy fertilizer, hire laborers to grow the rice and buy some piglets to breed to start a new business. Her husband, Mr. Vey Ham, is a construction worker and she supports three children. One of the children is a seamstress in a garment factory, one is enrolled in the local public school, and the other is too young to work or study.

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
  • 183
    View loans »
    Cambodia Loans Fundraising
  • $36,995,000
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phal Vay Village Bank Group's $2,975 loan helped a member to buy fertilizer and hire farming laborers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011