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Phai's Group
In this Group: Phai, Sok, Sok, Chea, You, Pich, Hul, Roth, Prak, Sok, Thoeun, Yon, Pon, Roth, Yoem, An
Sixteen people are forming a village loA.. Mrs. Phai M., 56, was selected as the village bank president by its members. They are living in Veal Thum village in Kandal province. The members of this village will use the loA. for different purposes.

Mrs. Phai M. is a tailor at home who is able to earn good profits to support the family. Mrs. Phai M. is a widow and works hard to support her child, a student in the university, but she does not have enough money to pay for the school's fees. Thus, she would like to ask for a loA. to add to her savings so she cA. pay for her child's school fees.

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
  • 234
    View loans »
    Cambodia Loans Fundraising
  • $37,057,450
    Funds lent in using Kiva
  • 4,060.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phai's Group's $3,075 loan helped a member to add to her savings to pay for her child's school fees.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 30, 2011