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Mrs. Savoeurn Saroeurn Village Bank Group
In this Group: Savoeurn, Chheng, Khann, Chheng, Saroeurn, Paok, Long, Sorn, Huorn, Nob, Sorn, Bor, Noun, Thou, Chit, Ky, Tit, Song
The Village Bank is located in Traeuy Troeng Village in the Kandal Province and consists of 18 members. Mrs. Savoeurn S. is the village bank president. She is a laborer who works in the for-profit field. She is a 36-year-old widow with two children, one of whom is a vegetable farmer while the youngest one is attending the local school.


Although Mrs. Savoeurn S.'s family members have different businesses, they still live in poor conditions. In order to improve her standard of living, Mrs. Savoeurn S. has decided to ask for a loan to buy piglets to start a new breeding pig business. She hopes to increase her income and improve her living conditions with this loan. Mrs. Hourn S. was not able to provide a photo of herself so her husband is pictured instead.


This is a village bank loan consisting of mainly end-of-term loans. Four members have end-of-term loans and the rest have monthly payment loans. These 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.

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
  • 103
    View loans »
    Cambodia Loans Fundraising
  • $35,456,775
    Funds lent in using Kiva
  • 4,015.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savoeurn Saroeurn Village Bank Group's $2,325 loan helped a member to buy piglets to start a new breeding pig business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 17, 2008
Listed
Oct 1, 2008
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2009