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En Prak Group
In this Group: En, Chanthou, Channa, Chantha, Kanha
Five people in Samrith Chey Village have formed a business group with Mrs. En P. as the group leader. She is a mat maker. Her business now has a problem, because she does not have enough money to buy more raw materials to make mats to sell. Thus, Mrs. En P. decided to access a loan for this purpose. Her husband, Mr. Chanthou L., is a subsistence farmer. Mrs. En P. and her husband have five children, three of whom are studying at state school while the remaining two are too young to work or study. Last year, Mrs. En P. obtained a loan to buy raw material in order to start her mat business.

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
  • 85
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of En Prak Group's $775 loan helped a member buy more raw materials to make mats to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 24, 2008
Listed
Jun 9, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009