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Mrs. Sopheap Chann Village Bank Group
In this Group: Sopheap, Kum, Vichith, Phearoat, Kun, Srey Pao, Chinda, Siroeurn, Channary, Ly, Sreymom, Vanna, Heng, Nan, Phally, Chey, Sophy
Seventeen people make up this village bank loan and they live in Krapeu Troum village in Kandal province. Mrs. Sopheap C., who is 59 years old, is the village bank president, selected by the other members. Each member will use their portion of the loan for a different purpose.

Mrs. Sopheap C. is a land broker who is able to earn some money to support her family. Her husband, Mr. H. H., operates a trailer and is also able to earn some money to support his family.

Although they both try to work hard they are able to earn only a little money. So, to improve their family living, Mrs. Sopheap C. is applying for a loan to buy rice to sell to start a new business to increase her income this year.

Mrs. Sopheap C. is the mother of a child who is a seamstress in a garment factory.

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
  • 87
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,260.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sopheap Chann Village Bank Group's $2,725 loan helped a member to buy rice to resell.
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