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Mrs. Soeng Thavy Village Bank Group
In this Group: Soeng, Saroeun, Ou, Ouch, Uk, Nub, Muth, Sary, Sin, Nhoem, Nov, Soeng, Taingkim, Sa, Pech, Pha
Sixteen people who make up this village bank loan live in Prey Phdau Cheung village in Takeo province. They will use their portion of the loan to improve the lifestyle of their families. They have selected Mrs. Soeng T. as the village bank president. Soeng T. is a weaver who is able to earn some money from selling silk cloth to support her family. Since her business is getting on well, she wants to expand. To improve her business, Mrs. Soeng T. is seeking a loan to buy more silk for weaving. Her husband, Mr. Phyra Brak, is a farmer who owns a small piece of land where he grows rice for sale to support his family; he is also a construction worker. This couple supports a yE. old child.

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
  • 266
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 4,020.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Soeng Thavy Village Bank Group's $2,900 loan helped a member to buy more silk for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012