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Mrs. Var Thoeun Village Bank Group
In this Group: Var, Hang, Neak, Horm, Khann, Hang, In, Ke, Nhean, Vaen, Phann, Sith, Chhay, Keo
In Srae Vong village in Takeo Province live 14 people who comprise a village bank loan. Each will use their portion of the loan in order to improve their family living standards. Mrs. Var T., the village bank president selected by the other members, sells cakes in front of a public school, thereby earning money to support her family. Now she wants to start a cow-breeding business for which she is requesting a loan.



Var's husband, Mr. San Hem, is a farmer who owns a 1.2-hectare plot of land upon which he grows rice to sell to support his family, and he is also a construction worker. This couple has three children, two of whom are enrolled in local public school; their youngest is only a one-year-old.

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
  • 307
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Var Thoeun Village Bank Group's $2,500 loan helped a member to buy a cow.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012