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Mrs. Mom Village Bank Group
In this Group: Mom, Mao, Touch, Srey Huch, Khy, Cheng, Nheng, Hot, Sopheap, Phary, Sinet, Vanna, Nget, Limhat, Rachna, Hul, Phis
This village bank loan consists of seventeen people who have selected Mrs. Mom to be the village bank president. All members will use their portion of the loan for varied ways to improve their family living.

Mrs. Mom weaves silk cloth to sell in order to earn some income to support her family. Since her business is getting on well, she wants to expand. Therefore, Mrs. Mom is asking for a loan to buy more silk for weaving. Her husband, Mr. Thy, owns a car which he uses for a taxi. She has eight children, one of wH. is a driver, another two are weavers, and the others are studying in 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
  • 197
    View loans »
    Cambodia Loans Fundraising
  • $36,972,025
    Funds lent in using Kiva
  • 4,005.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Village Bank Group's $2,775 loan helped a member to buy more silk.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012