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Mr. Sareth Kung Village Bank Group
In this Group: Sareth, Yeourn, Ky, Yeurn, Urn, Ni, Sam Eth, Yatt, Sem, Nit, Ye, Morn, Aun, Nuon, Teur, Nan
This village bank loan consists of sixteen people who live in Krasang Pul village in Takeo province. Mr. Sareth K., who was born in 1966, is the village bank president, having been selected by the other members. Each member will use their portion of the loan for a different purpose.

Mr. Sareth K. and his wife, Mrs. Srey Sum, are farmers who own a three-hectare (7.5-acre) plot of land that they use to cultivate rice to sell to support their family. Mr. Sareth K. is also a vice village chief and his wife is a farm laborer.

Mr. Sareth K.’s problem is that his field has infertile soil. So, to improve his rice production, he is requesting a loan to buy fertilizer.

Mr. Sareth K. is the father of two children, one of whom is a seamstress in a garment factory, while the other is 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,101,350
    Funds lent in using Kiva
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Sareth Kung Village Bank Group's $1,750 loan helped a member to buy fertilizer.
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