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Mrs. Nob Sopheap Village Bank Group
In this Group: Nob, Dy, Soy, Saroeung, Saran, Sarin, Sivuttha, Chanti, Pola, Chanthol, Sopani, Hon, Vary, Sok, Vanny, Ra
Sixteen people make up this village bank loan. They will each use their portion of the loan for different purposes to improve their families' standard of living. They are located in Ta Muong village in Takeo province. All the members have selected Mrs. Nob S. to be a village bank president.

Mrs. Nob S. and her husband, Mr. Som Somret, are farmers who own a 2-hectare plot of land where they grow rice to sell to support their family. At present her house is not comfortable to live in because it has no electricity. Mrs. Nob S. is, therefore, requesting a loan to access electricity. She would like to use the rest of the loan to buy some piglets for breeding to start a new business. She is the mother of three children: one is a construction worker, one is a seamstress in a garment factory and the other is a student.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 102
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,020.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Nob Sopheap Village Bank Group's $1,575 loan helped a member to access electricity to use.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012