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Mr. Phally Chhang Village Bank Group
In this Group: Phally, Un, Roth, Pan, Roeun, Pun, Rith, Pov, Sokhorn, Khoeun, Khieng, Un, Chanthorn, Khorn, Yan, Sen, Srey Mom, Hieng
Mr. Phally C., 54, is the village bank president selected by eighteen people who make up a village bank loan located in Leak Roteh village in Takeo province. They will each use their portion of the loan for different purposes. He and his wife, Mrs. Vat Hem, are farmers who own a plot of land to cultivate rice on to sell to support their family. He wants to breed cows because he has a lot of free time but he did not have enough money to reach this goal. So, Mr. Phally C. is requesting a loan to buy a cow for breeding to start a new business. He is a father of six children, one of whom is a translator, while two others are chefs, and the others are attending 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,122,200
    Funds lent in using Kiva
  • 4,215.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Phally Chhang Village Bank Group's $2,550 loan helped a member to buy a cow for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2011