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Mrs. Sao Village Bank Group
In this Group: Sao, Sarin, Sreymom, Noy, Saron, Roath, Vorn, Nhi, Vanna, Thoeun, Un, Saroeun, Rong, Soeun, Oun, Meas
The 16 people who make up this village bank loan have selected Mrs. Sao to be the village bank president. They will use their portions of the loan for different purposes to improve their families' standard of living.

Mrs. Sao is a chicken breeder and a housewife who cooks delicious food for her family. Her husband is a cripple. This couple supports four children. Two are employed in garment factories, one is a construction worker, and the other is studying in the local public school.

Now she wants to start a new business, so she needs some money to support it. Mrs. Sao is applying for a loan to buy some piglets for breeding.

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
  • 281
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,015.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sao Village Bank Group's $2,500 loan helped a member to buy some piglets for breeding.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012