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Mrs. Phorn Nget Village Bank Group
In this Group: Phorn, Ney, Brok, Sopha, Chanthy, Chenda, Pov, Rey, Nhey, Phal, Chroeb, Paet, Touch, Soun, Saen, Chamroeun
This village bank loan is made up of 16 people who live in Tuol Pongro village in Takeo province. Mrs. P. N. has been selected as the village bank president by other members. Each group member will use their portion of the loan for a different purpose.

P. N., born in 1972, owns a general store in the local village and is also a pig breeder. Her husband, Mr. On Sam, is a farmer who owns one-and-half hectare plot of land to cultivate rice to support his family. Her piglets are too small to sell, and she does not have enough money to support them. So to improve the breeding of pigs, Mrs. P. N. is seeking a loan to buy pig food and use the rest of the loan to buy pesticides. She has two children who are attending 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
  • 186
    View loans »
    Cambodia Loans Fundraising
  • $36,989,250
    Funds lent in using Kiva
  • 4,252.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phorn Nget Village Bank Group's $1,975 loan helped a member to buy pig food.
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