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Mrs. Sophat Village Bank Group
In this Group: Sophat, Chek, Sokly, Thim, That, Oun, Rom, Chanthoeun, Nhoeng, Vorng, Tob, Seng, Ngaet, Sam Aun
This village bank loan consists of fourteen members who have selected Mrs Sophat as village bank president. The members will use their portion of the loan for different purposes, such as improving their families' standard of living. Mrs Sophat was born in 1964. She mills rice for resale in order to support her family. Since her business is getting on well, she wants to expand. S. Mrs Sophat is applying for a loan to buy more rice to mill for resale. Her husband, Mr Art, is a motorcycle taxi driver. The couple has six children, three of whom are employed in garment factories, one is attending a local public school and the others are too young to work or study.

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
  • 257
    View loans »
    Cambodia Loans Fundraising
  • $37,497,250
    Funds lent in using Kiva
  • 4,005.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sophat Village Bank Group's $2,425 loan helped a member to buy more rice to mill for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012