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Chen's Group
In this Group: Chen, San, Yorn, Pech, Phuong, Ao, Um, Say, Phuong, Phuong, Oeurng, Thou, Hao, Chea
This village loan consists of fourteen people located in Khmut village in Kandal province. Mrs. Chen V. is a 52-year-old married woman and has been selected as the village bank president. Each member of this village bank will use their portion of the loan to support their different purposes.

Mrs. Chen V. and her husband, Mr. Chen Chim, are farmers who own a plot of land that they use to cultivate rice. They are also able to have some income through their two children who are working as seamstresses in a garment factory.

But now the family faces a problem because their house is getting old, and they do not have enough money to fix it. Thus, Mrs. Chen V. would like to ask for a loan to add to her savings to fix her house up.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 319
    View loans »
    Cambodia Loans Fundraising
  • $37,579,275
    Funds lent in using Kiva
  • 4,210.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chen's Group's $2,150 loan helped a member to add to her savings to fix her house up.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 30, 2011