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Choem's Group
In this Group: Choem, Khean, Choun, Kin, Khom, Choem, Horl, Neang, Leang, Nov, Theng, Ou, Theng
Mrs. Choem R. is a 58-year-old married woman who lives in Veal Thum Village in Kandal Province. Mrs. R. was selected as the Village Bank President by its thirteen members. The village members will use their portions of the loan to support their different businesses.

Mrs. Choem R. and her husband, Mr. Huon Neang, are farmers who own 1.15 hectares of land. The couple does not have any children. They use this land to grow rice and different vegetables for a living. In addition to working as a farmer, Mr. Huon Neang is also fisherman. In order to support her husband's fishing business, Mrs. Choem R. would like to ask for a loan to buy fishing supplies.

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
  • 114
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,060.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Choem's Group's $2,525 loan helped a member to buy fishing supplies to support her husband's business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012