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Chorn's Group
In this Group: Chorn, Thou, Dear, Chantha, Hong
This group loan is being requested by five people who live in Pongro village, Takeo province. They will each use a portion of their loan to support their varied businesses. Mrs. Chorn S. is a group leader who is 35 years old, and was selected by the other members. She is a farmer and owns a 2.5 hectare plot of land where she cultivates rice to sell. She is also a pig breeder. Her husband, Mr. Ret Neak, owns a mill in the local village. Now she has some problems because her soil in her fields is infertile. So to improve production of rice, Mrs. Chorn S. is asking for a loan to buy fertilizer, and she will use the rest of the loan to buy piglets for breeding. She is a mother of three children, two of whom are seamstresses in garment factory and one of whom is in 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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,260.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chorn's Group's $700 loan helped a member to buy fertilizer and invest in pig breeding business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 19, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011