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Chea's Group
In this Group: Chea, Nim, Leng, Leng, Leng, Noem, Phy, Kok, Chea
This village loan consists of nine members. Mrs. Chea, a married woman who was born in 1971, was selected to be the village bank president by the others members.

Her husband, Mr. Yong, was born in 1978 and is a government worker who is able to earn a small salary to help support his family. This couple has five children. One is a wedding chef, one is a mirror smith, two are attending the local school, and the last one is 4 years old.

Mrs. Chea earns a living by selling snacks.

Soon, one of her children is going to get married, but she doesn’t have enough money to support it, so she decided to ask for a loan to help pay for her child's wedding.

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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 3,998.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Chea's Group's $1,500 loan helped a member to help pay for her child's wedding.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2011
Listed
May 4, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 25, 2012