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Mrs. Chea Chanthoen Group
In this Group: Chea, Ny, Preab, Men, Sron
This loan group is located in Kandal Leu Village in Kandal Province and consists of five people. Mrs. Chea C. is the group leader and was selected by the members.

Mrs Chea C. is a laborer who chops grasses for an income. Her husband, Mr. Net Chamroeun, earns money by transporting goods with his motorbike and cart. In this business he now faces a small problem because his motorbike is too old and he spends a lot of money on petroleum. In order to reduce the family's expenses, Mrs. Chea C. decided to ask for a loan to add to her savings to buy a new motorbike for her husband's business. Mrs. Chea C. is 39 years old and the mother of a child who is attending the local 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
  • 181
    View loans »
    Cambodia Loans Fundraising
  • $37,004,050
    Funds lent in using Kiva
  • 4,145.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chea Chanthoen Group's $700 loan helped a member to add to her savings to buy a new motorbike for her husband's business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 14, 2008
Listed
Oct 30, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009