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Mrs. Bun Yong Village Bank Group
In this Group: Bun, Hum, Hum, ?chhim, Chheng, Ngen, Chea, Loeung, Loeung, Chea, Kung, Yin, My, Thuch, Duch, Yin, Em, Lim
This village bank consists of eighteen people who live in Boeng Krum Kraom village in Kandal province. Mrs. Bun Y., born in 1961, is a village bank president and has been selected as the group leader by the other members. Each of the members will use his or her portion of the loan in varied ways to support their businesses.

Mrs. Bun Y. is a widow with a child who works as a waiter. She is a farmer who owns a small piece of land to cultivate rice and corn to sell to support her family. Now, in her field it is time to plant rice but Mrs. Y. does not have enough capital to buy seeds. Therefore, to improve production, Mrs. Bun Y. will use her loan to buy rice seed to plant this year.

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
  • 112
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,210.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Bun Yong Village Bank Group's $3,150 loan helped a member to buy rice seed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2010
Listed
Nov 5, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 30, 2011