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Mrs. Sokhon Kung Village Bank Group
In this Group: Sokhon, Mara, Chem, Sokheng, Pin, Koemheang, Kimhon, Sam Ath, Theara, Naov, Chanthorn, Sokteang, Nakre
Thirteen people who live in Sampan Leu village in Kandal province make up this village bank loan. They will each use the loan for different purposes that can improve their businesses. All the other members selected Mrs. Sokhon K. as the village bank president. She is 51 years old. She is a farmer who owns a plot of land to grow crops to sell to support her family. Her problem is that her field has infertile soil. So to improve production, Mrs. Sokhon K. is requesting a loan to buy fertilizer, gasoline and rice seed, and with the rest of the loan she will rent a plow to plow her field. She is a widow with four children, two of whom are seamstresses in the garment factory. Another sells for a private company, and the youngest is attending the local public school.

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
  • 268
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sokhon Kung Village Bank Group's $2,400 loan helped a member to buy fertilizer, gasoline, rice seed, and to rent a plow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011