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Mrs. Kheoun Eim Village Bank Group
In this Group: Kheoun, Thun, Pheakdey, Kuoy, Chamreoun, Phallin, Kareim, Yeoung, Sopheap, Pheak Na, Youn, Theom, Koem Sun, Sau Phors, Sauphea, Chhey, Sokorn, Somaly, Phallin, Nath, Sokha
This village bank loan consists of 21 people who live in Angk Khlaeu village in Kandal province. The loan members will use their portion of the loan for different purposes so they can improve their businesses in the future.

Mrs. Kheoun E. is the village bank president who has been selected by all the members. She is a farmer who owns one hectare of land to cultivate rice to sell to support her family. She is a widow with four children, one of whom is a seamstress in garment factory, whilst another is a laborer, another is a security guard, and the other is attending the local public school. Mrs. Kheoun E.'s problem is that her house is too old to live in, so to improve the living conditions of her family, she is asking for a loan to fix her old house.

All the members are shown in the photo but one of them is blocked.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $36,181,550
    Funds lent in using Kiva
  • 4,175.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kheoun Eim Village Bank Group's $2,850 loan helped a member to fix her old house to improve the living conditions of her family.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011