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Mrs. Sophat Village Bank Group
In this Group: Sophat, Tren, Ngauy, Mom, Noeun, Sreyhim, Ung, Sam Ol, Khley, Phang, Thuon
This village bank loan is made up of 11 members. Mrs. Sophat is the village bank president who has been selected by the members. Each member will use their portion of the loan for different purposes in order to improve their family's standard of living.

Mrs. Sophat is a mother of three children, one of whom is a laborer while the others study at the local public school. She is a farmer who owns a small piece of land where she grows rice for her own family and to sell. Her husband, Mr. Norb, owns some cinema equipment that he rents out to earn some money to support his family. Since her husband’s business is getting on well, Mrs. Sophat wants to expand it. Therefore, she is applying for a loan to buy more cinema equipment.

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
  • 232
    View loans »
    Cambodia Loans Fundraising
  • $37,058,050
    Funds lent in using Kiva
  • 3,965.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sophat Village Bank Group's $1,150 loan helped a member to buy more cinema equipment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 15, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 1, 2012