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Mrs. Suosdei Meoung Village Bank Group
In this Group: Suosdei, Sophal, Channaiy, Yon, Chanara, Heak, Chhungnov, Sokheng, Khun Thavy, Naret, Naren, Sopheap, Chanthy, Ratana, Chansovanmolika, Srey Mom, Yen, Theary, Samneang
This village bank loan is made up of 19 people who live in Kaoh Krabei village in Kandal province. Mrs. Suosdei M. is the village bank president selected by the other members, who will use their loan in different ways. She is 50 years old. She is a flower and banana seller in the local market, where she earns little money to support her family because she does not have enough capital to invest. So to improve this business, Mrs. Suosdei M. is asking for a loan to buy more bananas to resell.

Her husband, Mr. Saroeurn Dy, is a chef. She is the mother of seven children, four of whom are chefs and help her to sell flowers and bananas, while the others are attending the 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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,076,725
    Funds lent in using Kiva
  • 4,265.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Suosdei Meoung Village Bank Group's $3,325 loan helped a member to buy more bananas to resell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011