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Mrs. Ngaet Bich Village Bank Group
In this Group: Ngaet, Vy, Yun, Sokha, Sopha, Phul, Srey Mom, Pov, Srey, Srey Nat, Phen, Sarum, Thul, Saren, Nuon, Srey Oun
Mrs. Ngaet B. is 38 years old and the village bank president. She was selected by its 16 members located in Trapeang Chhuk village in Takeo province. Each member of this village loan will use the loan to support a different purpose. Mrs. Ngaet B. is a farmer who owns a plot of land to cultivate rice, and her husband, Mr. Pen Soeung, is a construction worker who receives a small salary to support his family. In order to increase income to improve the family's standard of living, Mrs. Ngaet B. decided to ask for a loan to buy a cow for breeding. This couple has four children. One of the children is a seamstress in a garment factory and the others are students who also help their mother with the farming. All the members are shown in the picture but some of them are blocked.

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
  • 115
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ngaet Bich Village Bank Group's $2,025 loan helped a member to buy a cow for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 7, 2011