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Mrs. Phalla Phon Village Bank Group
In this Group: Phalla, Rorn, Samoeurn, Touch, Heap, Ken, Siv, Lai, Ly, Mao, Sary, Kung, Khem, Thou, Leng, Saveth, Sey, Chroeun
The 18 people in this village bank loan live in Meun Tumrong village in Takeo province. Mrs. Phalla P. is the village bank president, selected by all the members. Each member will use the loan for different purposes. She is a farmer who owns a 1.5-hectare piece of land to grow rice to sell to support her family. Her husband, Mr. Sambath Mey, is a construction worker. Her problem is that her husband’s workplace is far away from her home. So to improve her family's living conditions, Mrs. Phalla P. is requesting a loan to buy a new motorbike for transportation. She is the mother of two children. One child is enrolled in the local public school and the other is five 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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $35,929,100
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phalla Phon Village Bank Group's $2,900 loan helped a member to buy a new motorbike.
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