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Savey Chea Village Bank Group
In this Group: Savey, Channy, Channy, Chanphal, Konsal, Sambath, Chanthu, Samoeurn, Vath, Phal, Sokheng, Phok, Vannary, Leang, La, Chanthu, Phally, Sokha
Eighteen people in Preak Thom Village, Cambodia, comprise one village bank. Mrs. Savey C. is the village bank president. She sells shells in the local village. Her husband, Mr. Sam Ol Oeurk, is a motorbike-taxi driver. Mrs. Savey C. has seven children, six of whom attend a local school; the other is too young to work or study.

Previously, Mrs. Savey C. obtained a loan to buy a motorbike to start Mr. Sam Ol Oeurk’s motor-taxi business. The business now faces a small problem, because the motorbike needs to be repaired, but they do not have enough money to fix it. Thus, his wife, Mrs. Savey C., decided to take a loan to repair the motorbike. With the rest of money, she will buy more shells to re-sell them.

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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,200,725
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Savey Chea Village Bank Group's $2,600 loan helped a member to repair their motorbike and buy more shells to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 17, 2008
Listed
Jun 7, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009