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Siphat Yang Village Bank Group
In this Group: Siphat, Navy, Sokleang, Savean, Ratana, Sophen, Sopheurn, Soknong, Sothy, Ry, Sokun, Phal, Kun, Simorn, Srey, Bo, Muny, Sokha*, Sophos, Savoeurn, Sokhoeurn, Sokhom, Ny*, Sokha, Rina, Channy, Oun, Sim, Chhuneary, Sareth
* not pictured
Mrs. SiP. Y. is the Village Bank President in Preak Thom Village in Kandal Province. This Village Bank consists of thirty members. Mrs. SiP. Y. is a vegetable seller and fruit seller. She is a widow mother of one child who is attending a local school.



Mrs. SiP. Y. is in poor condition because she is trying to generate enough money to support the family. In order to make her family live in better circumstances, Mrs. SiP. Y. wants to expand her business. Thus, she decided to ask for a loan to buy additional fruits to re-sell for an income. She would like to use the remaining money to buy a bike for her child to transport to school.



Several of the people who are standing at the back is not a part of the Village Bank members.

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
  • 262
    View loans »
    Cambodia Loans Fundraising
  • $37,533,925
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Siphat Yang Village Bank Group's $4,575 loan helped a member to ask for a loan to buy more different fruits to re-sell for an income.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 1, 2008
Listed
Jun 10, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009