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Vit's Group
In this Group: Vit, Shaem, Sambath, Keo, Sambat, Chheang, Chheang, Chinh, Chea
Mrs. Vit K. is 65 years old. She has been selected as the village bank president by its nine members. They are living Damrei Chhlang village, Kandal province. Each member of the village will use their portion of the loan to support his or her different purposes.

Mrs. Vit K. earns her living by operating three businesses: fish vending, vegetable vending and cake selling in the local market. Since these businesses are going well, she wants to expand them. So Mrs. Vit K. decided to ask for a loan to buy more fish and vegetables to support her businesses activities. Mrs. Vit K. is a widow without any children.

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
  • 129
    View loans »
    Cambodia Loans Fundraising
  • $36,207,750
    Funds lent in using Kiva
  • 4,215.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vit's Group's $1,225 loan helped a member to buy more fish and vegetables.
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