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Mr. Chea Chheang Village Bank Group
In this Group: Chea, Him, Sreng, Srin, Each, Saroeun, Nhoeb, Ren, Khen, Saram, Da
This village bank loan is for eleven people located in Chres village in Prey Veng province. Mr. Chea C. is the group leader, selected by the other members. Each group member will use a portion of the loan for different purposes. Mr. Chea C. is 45 years old. He is a farmer who owns a one-hectare plot of land to grow crops to sell in order to support his family. Now he has some problems because the soil in his field is infertile, and it is far away from an irrigation system. To improve production, Mr. Chea C. is seeking a loan to buy fertilizer and gasoline. His wife, Mrs. Houn Mey, owns a general store at her home where she can earn some money from selling groceries. He is the father of two children, all of whom are attending 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
  • 125
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Chea Chheang Village Bank Group's $1,725 loan helped a member to buy fertilizer and gasoline.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011