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Mrs. Sophal Pang Village Bank Group
In this Group: Sophal, Kim, Tola, Many, Sreypov, Kem, Vorn, Mom
In Prey Totueng village in Kandal province this group of eight people make up a village bank loan. All the members have selected Mrs. Sophal P. as village bank president. They will each use a portion of the loan, for different purpose,s to improve their businesses in the future. Mrs. Sophal P. is a housewife who cooks delicious food for her family. Her husband, Mr. Sokorn Yem, is a construction laborer. This couple supports four children, three of whom are attending a local public school. One of the children is a laborer, and one is learning to drive a car. Now she has a problem because she does not have enough money to support her children’s learning. So to improve this condition, Mrs. Sophal P. is asking for a loan to pay for for her child’s driving school fee.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sophal Pang Village Bank Group's $1,050 loan helped a member to pay for her child’s driving school fee.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011