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Sitha's Group
In this Group: Sitha, Phoeurn, Muorn, Leang, Neang, Soeun, Toch, Sophorn, Mach, Makk, Seab, Samuth, Rotha, Sopheap, Hanh, Sam Ang, Sophat, Sothary, Samoth, Sokharn, Sophy
This group loan consist of twenty-one people who have selected Mrs. Sitha E., aged 49, as their village bank loan president. They are based in Praek Ta Kaev village, Kandal province. The members of this village loan will each use it to support their different purposes.

Mrs. Sitha E. and her husband, Mr. Rorn Buoy, are farmers who own 1.20-hectares that they use to cultivate corn, peanuts and rice for a living. Mrs. Sitha E. will use the loan requested from AMK to buy food to support her family wH. they harvest rice on the farm. This couple works very hard to also support their four children: one is a government worker while the other three are students who also help their parents on the farm.

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
  • 124
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,194.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sitha's Group's $3,100 loan helped a member to buy food to support the family when they harvest rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011