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On's Group
In this Group: On, Sar, Sem, Pin, Som, Vit, Ban, Ban, Em
Mrs. On S. earns her living by selling food in her village. Her husband, Mr. Phorn Hnork, is a bodyguard. Due to their careers not earning enough income to support the family, Mrs. On S. decided to ask for a loan to purchase groceries to sell. With her new business, she hopes that she will increase their income to improve the family's living conditions. This couple has a child who is attending a local school.

This village bank includes ten members from Damnak Sangkae village in Kandal province. They selected Mrs. On S., 42 years old, as the village bank president. With their loans, they hope to increase their income to improve their standard of living.

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
  • 242
    View loans »
    Cambodia Loans Fundraising
  • $37,076,725
    Funds lent in using Kiva
  • 4,030.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of On's Group's $1,750 loan helped a member to purchase groceries to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Jan 9, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012