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Mrs. Phorn Village Bank Group
In this Group: Phorn, Rem, Sary, Norm, Samoeun, Sophion, Pheap, Sam Orn, Touch, Toch, Thea, Phally, Chan Neat, Ny, Khunthea, Srey Touch
Sixteen people make up this village bank loan. Mrs. Phorn is the village bank president who has been selected by the members. Each member’s portion of the loan will be used for different purposes in order to improve their family’s standard of living.

Mrs. Phorn is a chicken breeder and a farmer who owns a plot of land where she can grow rice for her own family. Her husband, Mr. Bun Ly, is a construction worker and an iron welder. Since her husband’s business is going well, he wants to expand. So, Mrs. Phorn is applying for a loan to buy more iron welding machinery.

She was born in 1983. This couple has two children who 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
  • 306
    View loans »
    Cambodia Loans Fundraising
  • $37,569,750
    Funds lent in using Kiva
  • 3,985.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phorn Village Bank Group's $3,375 loan helped a member to buy more iron welding machinery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2011
Listed
May 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012