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Mrs. Phally Uk Village Bank Group
In this Group: Phally, Choem, Pum, Paen, Khaim, Nuon, Sao, Khaim, Paen, Nget, Sok Huoy, Prak, Muy, Chanthau
Mrs. Phally U. was selected as the village bank president of this village bank loan group made up of fourteen people who live in Chumrov village, Takeo province. Each group member will use his or her portion of the loan for different purposes to improve their family’s living standards.

Mrs. U. and her husband, Mr. Vet Phen, are farmers who own a one-hectare plot of land on which they grow rice to sell to support their family. They have four children, two of whom are weavers while the others attend public school. Mrs. U. also weaves silk. Her business is going well and she wants to expand. She is therefore asking for a loan to buy more silk.

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
  • 298
    View loans »
    Cambodia Loans Fundraising
  • $37,552,375
    Funds lent in using Kiva
  • 4,035.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phally Uk Village Bank Group's $2,675 loan helped a member to buy silk.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 30, 2011