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Khon's Group
In this Group: Khon, Khatt, Ek, Phat, Khem, Khon, Khon, Pang, Yun
This village loan consists of nine people. They are located in Damrei Chhlang village in the Kandal province. This village selected Mrs. Khon N., who is 54 years old, as the village bank president. Each member of the village hopes to increase his or her income to improve the living of their family.
Mrs. Khon N. is a widow with a daughter who is a seamstress in a garment factory. She now lives with her son-in-law who is a motorbike repairman.
Her son-in-law faces a problem in his business because he doesn’t have enough money to support it. Thus, Mrs. Khon N. decided to ask for a loan to buy an air pump for her son-in-law's current business.

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
  • 284
    View loans »
    Cambodia Loans Fundraising
  • $37,541,925
    Funds lent in using Kiva
  • 4,215.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Khon's Group's $1,700 loan helped a member to buy an air pump for her son-in-law's current business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 6, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 1, 2011