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Chea's Group
In this Group: Chea, Chea, Chea, Soeng
This loan group consists of four members who live in Preaek Ta Khin village in Kandal province. Each member plans to use a portion of this loan to expand their small business. Mrs. Chea V., who is 55 years old, leads the group. She works with her husband as a farmer on a ten-hectare plot of land where they grow rice and beans. She also makes cakes to supplement their income. She will use her portion of this loan to buy rice seeds to use to plant a new crop.

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
  • 135
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,060.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chea's Group's $575 loan helped a member to buy rice seeds to use in planting a new crop.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 1, 2011