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Vanna Phet Group
In this Group: Vanna, Chandyamang, Dom, Math, Sreynin
The leader of this small group is Mrs Vanna P.. She is a state teacher in Soben Village in Kampong Chhnang Province. This job generates only $25 per month, which is not enough to support a family. Her husband, Mr Samorn P., is a farmer and rice middleman who buys rice to keep in stock and sell at a better price later in the year. Since Mrs Vanna P.'s husband's business has improved, Mrs Vanna P. wants to expand it. Thus, Mrs Vanna P. asked for a loan to purchase more rice to keep in stock. Mrs Vanna P. has two children, both of whom are attending the local school.


Previously, Mrs Vanna P. obtained a loan from AMK to start her husband's middleman business. She will share this loan with her group 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
  • 99
    View loans »
    Cambodia Loans Fundraising
  • $35,456,775
    Funds lent in using Kiva
  • 4,032.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Vanna Phet Group's $725 loan helped a member to buy rice to keep in stock and sell at a better price later in the year.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 26, 2008
Listed
Jun 29, 2008
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009