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Peng's Group
In this Group: Peng, Sorn, Non, Mon, Rors, Toy, Toy, Toy
Eight people comprise this village bank. Mrs. Peng H., 44, is the village bank president selected by the members who are located in Preak Ta Mem village, Kandal province. Each member of this village loan will use their money for a different purpose.

Mrs. Peng H. and her husband, Mr. Dang Try, are farmers who own a plot of land that they use to cultivate peanuts and corn. Her husband also sells ice cream in the local village. He is able to earn a small profit to support his family. In order to support her husband's business, Mrs. Peng H. decided to ask for a loan to buy ice cream ingredients to make ice cream. They have four children; one is a seamstress in a garment factory, while the other three attend the local 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
  • 308
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 4,190.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Peng's Group's $1,050 loan helped a member to buy ice cream ingredients.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 29, 2011