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Mrs. Pheng Srey Village Bank Group
In this Group: Pheng, Sao, Duong, Ny, Nuon, Kuch, Pen, Tem, Min, Onn, San, Ngaet, So, Uon, Tuy
In Pump Edth Village, Takeo Province fifteen people have come together to form a village bank. Mrs. Pheng S. has been selected by the other members to be the village bank president. Each member will use their portion of the loan for a different purpose, but all hope to improve their family's living standards.

Mrs. Pheng S. is a farmer who owns small piece of land. She grows and sells rice to support her family. Her husband, Mr. Sey Duch, is a fisherman and construction worker who earns some money to support his family.

It is time to grow rice in her rice field, but Mrs. Pheng S. did not have enough money, so, to improve production, she is asking for a loan to buy rice seed, fertilizer, and pesticide. She has two children, all of whom are students.

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
  • $35,436,925
    Funds lent in using Kiva
  • 4,050.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Pheng Srey Village Bank Group's $2,775 loan helped a member to buy rice seed, fertilizer, and pesticide.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012