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Mr. Saren Reach Village Bank Group
In this Group: Saren, Sophy, Sokunthea, Sothea, Sokha, Likeing, Vanna, Naran
This village bank loan is made up of eight people, who are all villagers in York Bat village in Kandal Province. Mr. Saren R. is a village bank president, selected by the other members, who will use their share of the loan for different purposes. He was born in 1967. He provides motorcycle transport to support his family, but he has a problem because his motorbike is too old to use. Therefore Mr. Saren R. is asking for a loan to buy a new motorbike to replace his old one. His wife, Mrs. Daney Loeng, is a housewife who makes delicious food for her family. Through these activities, the couple supports four children, one of whom is a seamstress in garment factory, while another is a construction worker, and the others are studying at 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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $35,872,725
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Saren Reach Village Bank Group's $1,275 loan helped a member to buy a new motorbike.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011