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Veasna's Group
In this Group: Veasna, Neang, Pao, Sorphan, Lun, Sen, Sokhom, Kak, Chhorn, Sopha, Savy, Phallim, Yorn, Yeth, Moat
This village loan consists of 15 members who live in Boeng KrU. Leu village, Kandal province. Mrs. Vaeasna C. is 38 years old and is the village bank president, having been selected by its members. With the loans, the members of this village will use their money to support different purposes.
Mrs. Vaeasna C. is a farmer who owns 1.3 hectares of land, which she uses to cultivate rice for a living. She decided to ask for a loan to buy rice seed to cultivate rice. Her husband, Mr. Sinat Tith, is an iron welder and also helps his wife on the farm. With both of these occupations they hope to increase income to improve their family.

This couple has four children: One is a seamstress in a garment factory and two are students, while the youngest one, a six year old, is not yet 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
  • $35,859,500
    Funds lent in using Kiva
  • 4,195.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Veasna's Group's $2,400 loan helped a member to buy rice seed to cultivate rice.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011