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Navy Orm Village Bank Group
In this Group: Navy, Thy, Davy, Rotana, Soeurn, Thida*, Sokhom, Saroeurn, Sokny, Meon, Chanthorn, Seng Oeut, Yon, Navoeurn, Sophal*, Sophorn, Sopheap, Kun, Oun, Sithach
* not pictured
Mrs. Navy O. is the Village Bank President in Preak Thom Village in Kandal Province. The Village Bank consists of twenty members. Mrs. Navy O. is a pig breeder in the local village. She is 44 years old and the widow of three children, one of whom is sewing shoes in the village while the two others are studying in state school.



Through Mrs. Navy O. business activity, she wishes to buy more pigs for breeding. Thus, Mrs. Navy O. decided to ask for a loan to buy more pigs to raise. She will use the rest of money to buy pig food to feed them.



The two women who sit at the back of the photo are not in this Village Bank and a woman who stands at the back of the photo is also not in this Village Bank.

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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $36,192,875
    Funds lent in using Kiva
  • 3,954.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Navy Orm Village Bank Group's $3,050 loan helped a member to buy more pigs to raise and the rest of money she would use to buy pig food to feed them.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jun 30, 2008
Listed
Jun 10, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 29, 2009