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Mr. Thy Proeung Village Bank Group
In this Group: Thy, Sam Neang, Vannak, Din, Sarin, Sitha, Him, Kung, Sok, Ol, Sarim, Ya, Sopheap, Nat
In Khnach Tboung village in Takeo province has fourteen people who make up this village bank loan. They will use their portion of the loan for different purposes in will improve their family's living conditions. Mr. Thy P. is a village bank president who is 40 years old, selected by the other members. He and his wife, Mrs. Phorl Toem, are farmers who own a plot of land to cultivate rice to sell to support their family and he is also a barber in local village. His problem is that he did not have a barber place. So to improve this condition, Mr. Thy P. is requesting for a loan to build a barber shop. He is a father of five children: one is a seamstress in a garment factory, another one is gardener, and the others are studying 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
  • 267
    View loans »
    Cambodia Loans Fundraising
  • $37,510,725
    Funds lent in using Kiva
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Thy Proeung Village Bank Group's $2,100 loan helped a member to build a barber shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 1, 2011