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Huy Um Village Bank Group
In this Group: Huy, Phalla, Dy, Sit, Sok Heng, Ly, Sary, Thybeang, Oeurng, Chenda, Chanthy, Yen, Sophak, Srey Neang, Chanthy, Ran, Ang, Sary, Savoeurn, Ream, Phal, Seing, Vuthy, Sem, Kimleang, Sokha
Mr. Huy U. is the Village Bank President of twenty-six members in the Khsom Village of Kandal Province. He is a fisherman and a bicycle repairman in the village. In addition, he is married with seV. children: two of his children are employed in a garment factoR., two are fishermen, two are enrolled in state school, and the other child stays at home. His wife, Mrs. Lou Aok, is a fish-seller. Last year, Mrs. Lou Aok was diagnosed with high blood pressure, so Mr. Huy U. incurred $125 of expenses to cure her. During that time, Mr. Huy U.’s fishing business faced a severe storm, and he was unable to catch many fish to support his family.


His fishing business has encountered mounting problems in recent months because he does not have enough money to buy fishing equipment. Accordingly, Mr. Huy U. is seeking a loan to buy such equipment to fish in the lake. Previously, Mr. Huy U. obtained a loan from Acleda Bank, which he used to buy fishing 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
  • 198
    View loans »
    Cambodia Loans Fundraising
  • $37,044,750
    Funds lent in using Kiva
  • 3,945.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Huy Um Village Bank Group's $3,925 loan helped a member to improve the business by purchasing fishing equipment in order to work in a lake.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 10, 2008
Listed
May 23, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009