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Mrs. Siek Thy Village Bank Group
In this Group: Siek, Chea, Ing, Chuch, Lay, Vorng, Samrith, Ney, Tith, Tith, Nhean, Kou, Navon, Yem, Sarann, Samnang, Neang, Sinuon
This village bank loan consists of eighteen people who live in Trapeang Young village in Takeo province. Mrs. Siek T. is the village bank president who has been selected by the other members who will each use their portion of the loan in varied ways to support their families. She is a weaver who can earn some money from selling silk cloth to support her family. Since her business is getting on well, she wants to expand. So Mrs. Siek T. is applying for a loan to buy more silk for weaving. Her husband, Mr. Tet In, is a laborer and a driver. This couple is bringing up four children, one of whom is a laborer, while the others are attending local public 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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,456,775
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Siek Thy Village Bank Group's $2,875 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