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Mrs. Phorn Lai's Village Bank Group
In this Group: Phorn, Chea, Muth, Nem, Phorn, Choung, Man, Sokh, Man, Sokh, Yim, Yin, Khem, Shou, Phai, Mok, Muth, Phai, Phai, Yem, Eith, Sokh, Preap, Heng, Ros, Kung, Shem, Shem
Twenty-eight people have formed a Village Bank which is located in Tuol Meas Village in Kandal Province. Most of these group members are married and they have children as shown in the picture. Mrs. Phorn L., 58, is the village bank president who has been selected by the group members.

Mrs. Phorn L. owns a small store on the street where she sells dried fish. Since her business is going well, Mrs. Phorn L. decided to ask for a loan to buy more dried fish to re-sell. Her husband, Mr. Pot Nor, is a cow breeder who is raising only one cow. Aside from this business, he is the vice-village chief who can make $31 per month to support his family.

Mrs. Phorn L. hopes to increase her income and improve her standard of living with this loan. In the picture, Mrs. Eith O. is not shown because she was busy with her work but her husband came instead of her so he is shown in the picture.

This is a village bank loan consisting of mainly end-of-term loans. Nine members have end-of-term loans and the rest have monthly payment loans. Nine members are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK's main product because it is the most beneficial to Cambodia's poor. It allows them to repay portions of the principal whenever they are financially able to. Most clients start to make payments many months before the end of the loan term. Almost all of AMK's clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

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
  • 286
    View loans »
    Cambodia Loans Fundraising
  • $38,170,450
    Funds lent in using Kiva
  • 4,064.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phorn Lai's Village Bank Group's $3,075 loan helped a member to buy more dried fish to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 21, 2008
Sep 7, 2008
Currency Exchange Loss:
Oct 15, 2009