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Mrs. Sinoeun Soy Village Bank Group
In this Group: Sinoeun, Sovanny, Sareoun, Sam Art, Sophano, Channy, Sokheng, Phan, Sarun
Nine people from Preaek Anhchanh village, in Kandal province make up this group loan. Each member will use a piece of the loan to improve their own business. Sinoeun S., who is a vegetable seller is the group's president. She wants to expand her business and requests a loan to buy more vegetable for resell. Her husband is a taxi driver who owns a car and his profits help to support his family. They have three children; one helps out by selling vegetables. The other two attend a 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
  • 203
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sinoeun Soy Village Bank Group's $1,200 loan helped a member buy more vegetable for resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011