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Mr. Vutha Uk Village Bank Group
In this Group: Vutha, Seu, Lai Horn, Hum, Ngorn, Vuth, Sambath, Vy, Mon, Yoeun, Hor, Soeurn, Mao, Horn
Mr. Vutha U., born in 1961, has been selected as a village bank president by fourteen people, making up a village bank loan, located in Kampong LU. village in Takeo province. All of the members will use their portion of the loan for different purposes to improve their current businesses. Mr. Vutha U. and his wife, Mrs. Khorn Doeun, are farmers. They own a one and a half-hectare plot of land to cultivate rice to sell to support their family. Mr. Vutha U. is also a fisherman who can earn some money by selling fish. His problem is that his fishing supplies are too old to use. So to improve this condition, Mr. Vutha U. is applying for a loan to buy fishing nets and resin to fix his fishing boat. He is a father of three children who are all helping in their parents’ businesses.

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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $35,070,500
    Funds lent in using Kiva
  • 4,252.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Vutha Uk Village Bank Group's $1,250 loan helped a member to buy fishing nets and resin to fix his fishing boat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2010
Listed
Sep 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011