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Chan's Group
In this Group: Chan, Soam, Som, Phorn, Cheng, Choeng, Cheung, Va
This village loan group consists of eight members. They are living in Chong Preaek village in Kandal province. Mrs. Chan C., 44 years old, was selected as the village bank president by its members of this village loan group. Each member of this village will use their money to support a different purpose.

Mrs. Chan C. is a farmer who owns a plot of land to grow flowers. She does not have enough money to buy a machine to pump the water to grow her flowers. She would like to ask for a loan to buy a water pump to support her flower growing business. Her husband, Mr. Hong Vuthy, 48 years old, works as motorbike taxi driver. He is able to earn some income to support his family. This couple has six children: One is seamstress in a garment factory, one is clothes seller, three are attending in the local school and the last one is 4 years old and not in school yet.

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
  • 201
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,060.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chan's Group's $975 loan helped a member to buy a water pump to support her flower growing business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011