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Mrs. Khorn Lei Village Bank Group
In this Group: Khorn, Ngam, Ban, Sen, Chhum, Thy, Sen, Chheng, Nov, Phai
This Village Bank loan consists of ten members living in Preak Samraong Village in Kandal Province who plan to use the loan for a variety of purposes. For example, Mrs. Khorn L., the Village Bank President and a vegetable farmer growing corn on her 0.2 hectare field, is requesting a loan to purchase more corn seeds to cultivate. Her husband, Mr. Bon Bundara, is a construction worker who can earn $2.50 per day to help support his family.

Khorn is 28 years old and the mother of four children, three of whom are enrolled in the local school while the youngest one, three years of age, is yet too young to attend school.

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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,075.2
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Khorn Lei Village Bank Group's $1,400 loan helped a member to purchase more corn seeds to cultivate.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 9, 2008
Listed
Sep 25, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009