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Mrs. Srey Phally Village Bank Group
In this Group: Srey, Chuob, Dok, Eang, Oem, Sin, Sout, Suos, Suong, Vannoeun, Outh, Rath, Chhouk, Khiev, Mech, Cheam, Hen
This village bank loan group consists of seventeen people in Thkov village in Takeo province. Mrs. S. P. is the group's president, selected by the other members who will use their individual portions of the loan for different purposes to improve their families' living standards. Mrs. S. P. is a farmer who owns a two-hectare plot of land where she grows rice to sell to support her family; her husband, Mr. Trok On, is a teacher in a local village where he makes a small salary to contribute. Although they work hard, they can only make a small income. So Mrs. S. P. is seeking for a loan to buy some piglets, pig food, and to build a pigsty to breed pigs. She is the mother of three children all of whom attend the 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,101,350
    Funds lent in using Kiva
  • 4,035.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srey Phally Village Bank Group's $3,375 loan helped a member to buy some piglets, pig food, and build a pigsty too breed pigs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012