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Mrs. So Sreyneang Village Bank Group
In this Group: So, Ket, Nget, Ket, Roen, Pot, Pat, Khin, Suong, Khem, Long, Peng, Ket, Chum, Sophea
This village bank loan consists of fifteen people who are living in Veay Chhneah village, Takeo province. Mrs. So S. has been selected as the village bank president by the other members, who will use their portions of the loan in various ways to support their families. Mrs. So S. is a mother of two children; one is enrolled in local public school, and the other is 1 year old. She is a hammock maker who is able to earn some money to help support her famiL.. Her husband, Mr. Kosorl Yoem, is a motorbike taxi driver. She has a problem because her husband’s motorbike is now too old to use. So to improve this situation, Mrs. So S. is seeking a loan to buy a new motorbike to use as a taxi to instead this old one.

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
  • 122
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. So Sreyneang Village Bank Group's $2,075 loan helped a member to buy a new motorbike for use as a taxi.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Feb 9, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012