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Mrs. Kung Nin Village Bank Group
In this Group: Kung, Mean, Un, Yun, Lam, Sok, Rin, Sam Ol, Than, Naov, Leng, Saem, Yeon, Dum, Pon, Sok, San, Srei, Toung, Loem, Sreng, Heng, Sakk, Sakk, Lun, Sam Ol, Loars, Yorn, Phon
The Village Bank, which is made up of 29 members, is located in Ta Skor Village in Kandal Province. All the members are shown in the picture but some of their faces are blocked. Mrs. Kung N., the village bank president, is a 61-year-old married mother with five children, one of whom is employed in a garment factory while another one is a government officer. Two others assist their parents' businesses, while the youngest one is enrolled in a local school.

Mrs. Kung N. sells fish in the local market. Since her business is going well, Mrs. Kung N. wants to expand it. Therefore, she decided to ask for a loA. to buy more fish to meet her customers' demand. Her husband, Mr. Pech Chea, is a farmer. He always cultivates twice a year. During the rainy season, he cultivates rice; he grows vegetables in the dry season. Mr. Pech Chea now does not face any problems because he has enough farming equipment for the plantation 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
  • 255
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,162.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kung Nin Village Bank Group's $3,675 loan helped a member to buy more fish to reach her customers' demand.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 20, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009