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Mr. Pisith Village Bank Group
In this Group: Pisith, Nen, Sokhom, Touch, Thoeurn, Mon, Sok Koeun, Soeng, Sarem, Han, Sopheak
Eleven members make up this village bank loan. The group members have selected Mr. Pisith as the village bank president. They will each use their portion of the loan for different purposes to improve their family's standard of living.

Mr. Pisith was born in 1977. He is a farmer who owns a plot of land where he grows rice to support his own family and to sell. He is also a teacher in the local school while his wife, Mrs. Pheoun, is a seamstress in a garment factory. Currently he has some problems because his house is not comfortable to live in. To improve this situation, Mr. Pisith is asking for a loan to buy zinc and timber to fix his house. He will use the rest of the loan to buy some piglets for breeding to start a new business.

He is the father of three children: two are attending the local public school and the other is too yoU. 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 214
    View loans »
    Cambodia Loans Fundraising
  • $35,768,625
    Funds lent in using Kiva
  • 3,985.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Pisith Village Bank Group's $2,550 loan helped a member to buy zinc and timber to fix his house.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2011
Listed
May 4, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 30, 2012