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Ven's Group
In this Group: Ven, Teng, Hourt, Yin, El, Ros, Sok, Pou, Khom, Ty, Din, Phan, Vat, Tim, Sem
Mrs. Ven T., 49 years old, was selected as the village bank president by the 15 people forming this group loan in Liek village in Kandal province. All members of this village group loan will use their portions of the loan to support their different purposes.

Mrs. Ven T. earns her living by tailoring at home, earning a small income to support her family. Since her business is doing well, she wants to expand it and decided to ask for a loan to buy more fabric. Her husband, Mr. Sam Phorn, 55 years old, is a famer who owns 1 hectare of land where he cultivates rice for a living. This couple has three children: one is a police officer and the others attend the local school.

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
  • 281
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 4,035.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Ven's Group's $2,825 loan helped a member to buy more fabric to expand her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 3, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012