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Mrs. Ut Mom Village Bank Group
In this Group: Ut, Neang, Pisit, Keov, Keov, Mok, Mok, Haem, Haem, Sam Aun, Nget, Chenda, Saly, Nan
Mrs. U. M. is the president of a village bank located in Veay Chhneah village, Takeo province. She has been selected by the fourteen members of the village bank to be their leader for this group loan, which will improve the living conditions of all the families involved.

Mrs. U. M. is a mother of five children. Two are employed in garment factories, one helps her to do housework, and the other two are attending the local public school. She is a hammock maker who is able to earn some money to support her family. Her husband, Mr. Sren Oeung, is a motorbike taxi driver. She wants to breed a cow, bU. she does not have enough savings, so she is asking for a loan to help her buy this cow, which she will use to start a new business.

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
  • 198
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 4,040.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Ut Mom Village Bank Group's $2,325 loan helped a member to buy a cow for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012