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Phon's Group
In this Group: Phon, Loey, Sang, Savoen, Chhay
Mrs. Phon P. is 42 years old and is the leader of this group loan located in Preak Ta Nob village in Kandal province, having been selected by its five members. Each member will use the loan to support their different purpose.

Mrs. Phon P. is a vegetable seller who is able to earn a small income to support her family. In order to increase her income and expand her business, she decided to ask for a loan to buy more vegetables to sell.

Mrs. Phon P.’s husband, Mr. Tong Chea, is a farmer who own 2-hectares (5-acres) of land on which he grows crops for a living. This couple has three children who are all students in the local school and also support their parents’ businesses.

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
  • 96
    View loans »
    Cambodia Loans Fundraising
  • $36,158,550
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phon's Group's $675 loan helped a member to buy more vegetables to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011