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Mrs. Phalla Village Bank Group
In this Group: Phalla, Chea, Makara, Voeun, Tem, Pheap, Lorn, Sok Lim
This village bank loan consists of eight people who will each use their portion of the loan for a different purpose that can improve their famiL.'s standard of living. Phalla is the village bank president who has been selected by the other members. She was born in 1967. She is a noodle seller in the local village where she can earn some money to support her famiL.. She also owns a general store in the village. Since her business is getting on well, she wants to expand.

So to improve her business, Phalla is seeking a loan to buy more groceries to sell. She is a widow with five children, one of whom is employed in a garment factory, while another one is helping her with her business, and the others are studying in a 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
  • 85
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 3,965.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phalla Village Bank Group's $1,375 loan helped a member to buy more groceries to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Apr 22, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012