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Mrs. Chan Sim Thorn Village Bank Group
In this Group: Chan Sim, Leakna, Nary, Noeurn, Koemson, Sokha, Sophany, Sina, Naret, Lorn, Peng, Reth, Sameth, Chhorda, Loeng, Phally, Sokha, Sa Riem, Tat
This group of nineteen people, located in Chrouy Ampil-VB-I Village in Kandal Province, has selected Mrs. Chan Sim T. to be their village bank president. They make up a village bank loan, and will each use their share of the loan for different purposes, so that it can improve their businesses in the future. Mrs. Chan Sim T. was born in 1977. She is employed in a bread shop, and her husband is an electrician. Both of them earn a low salary, which they use to support their family. Their problem is that their house is too old to live in. Mrs. Chan Sim T. is asking for a loan to fix her old house. This couple does N. have any children, and they live in a two-member household.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 186
    View loans »
    Cambodia Loans Fundraising
  • $37,012,675
    Funds lent in using Kiva
  • 4,180.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chan Sim Thorn Village Bank Group's $3,450 loan helped a member to fix her old house.
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 7, 2011