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Mrs. Phan Sorn Village Bank Group
In this Group: Phan, Sreymom, Thy, Horn, Pich, Kol, Kunthea, Sophorn, Thea
Mrs. Phan S. is a 52-year-old who is the village bank president, selected by the nine members of the group located in Krapeu Troum village in Kandal province. Each member will use their portion of their loan for a different purpose to improve their standard of living.

Mrs. Phan S. is a farmer who owns a half-hectare (1.25 acres) of land she uses to cultivate rice to sell to support her family. Now she has some problems because her field has infertile soil. S., to improve production, she is applying for a loan to buy fertilizer. She will use the rest of her loan to hire farm laborers to help her farm.

Mrs. Phan S. is a widow who lives in a three-member household.

The man who sits on the motorbike in the photo is not a member of this village bank.

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
  • 118
    View loans »
    Cambodia Loans Fundraising
  • $35,128,175
    Funds lent in using Kiva
  • 4,260.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phan Sorn Village Bank Group's $1,300 loan helped a member to buy fertilizer and hire farm laborers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011