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Chheang's Group
In this Group: Chheang, Thuon, Thoeun, Veasna
This is a group loan for four people located in Boeng Kandal village in Kandal province. They selected Mrs. Chheang T. as a group leader. The members will use their shares of the loan for different purposes to improve their businesses. Mrs. Chheang T. is 34 years old. She is a widow with a child who attends the local public school. She sells bread door-to-door to earn money to support her family. She also has three hectares of land that she rents out for farming. Since her bread-selling is going well, she wants to expand. So to improve this business, Mrs. Chheang T. is applying for a loan to buy more bread to sell.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $36,181,550
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chheang's Group's $400 loan helped a member to buy more bread to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 19, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011