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Mrs. Ly Pa Village Bank Group
In this Group: Ly, Savin, Khim, Sa Aem, Yoeurn, Lim, Saloem, Srun
Mrs. Ly P. has been selected by eight people as a group leader. The group is located in Chres village in Prey Veng province. All the members in this group will use a portion of the loan for different purposes to improve their businesses in the future. Mrs. Ly P. is 54 years old. She and her husband, Mr. S. Leang, are farmers who own a plot of land to grow crops to sell in order to support their family. Now they have some problems because the soil in their field is infertile, and it is far away from an irrigation system. To improve production, Mrs. Ly P. is applying for a loan to buy fertilizer and gasoline. She is the mother of one child who is helping her with the farming.

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
  • 116
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ly Pa Village Bank Group's $1,400 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