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Mrs. Vorng Sarann Village Bank Group
In this Group: Vorng, Kim, Khnoll, Phal, Savoeun, Khlaing, Horn, Son, Nget, Hout, Poeurng, Son, Nol, Sarom, Savut
Mrs. V. S. is the village bank president who has been selected by fifteen people who make up a village bank loan located in Trapeang Young village in Takeo province. They will each use their portion of the loan in a way that will improve their family's living conditions.

Mrs. V. S. is a weaver who is able to earn some income to support her family. Since her business is getting on well, she wants to expand. So to improve this business, Mrs. V. S. is applying for a loan to buy more silk for weaving. Her husband, Mr. Chanra Lor, is a construction worker and a farmer who owns a 1-hectare plot of land where he grows rice to sell to support his family. This couple supports three children, two of whom are students, while the youngest one is 4 years 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
  • 100
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Vorng Sarann Village Bank Group's $2,375 loan helped a member to buy more silk for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2011
Listed
Feb 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012