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Vann's Group
In this Group: Vann, La, At, In, But, Mey, Pak, Pon
There are eight people are forming a village bank loan; they are living in Chek village in Kandal province. Mrs. Vann S., is 47 years old, and she is a village bank president having been selected by its members. While each member of this village will use their money to support their different purpose.

Mrs. Vann S. and her husband, Mr. Eab La, are farmers who own 4-hectares of land which they use to cultivate rice for a living. This spouse is working hard with the farm, but they still lake some money to grow their rice field. Thus, Mrs. Vann S. decided to ask for a loan to pay to purchase the water machines for pumping water to water rice plants. Aside from farmer, her husband also earns income by house constructing. This couple has three children; two are laborers and another is attending in a 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,030.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vann's Group's $1,450 loan helped a member to pay for hire the water machines for pumping water to water rice plants.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2010
Listed
Jan 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 4, 2012