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Mrs. Vandy Ly Village Bank Group
In this Group: Vandy, Kech, Sophy, Pakk, Minh, Srey, Yourn, Kalyan, Savorn, Pha, Mao, Sokchea, Pheary, Phalla, Loth, Veth, Shim, Theeda
This is a group loan. The group consists of eighteen people who live in Char village in Kandal province. Each will use the loan for different purposes. One of these loans is an end-of term loan. The remaining seventeen require monthL. payments.


Mrs. Vandy L. is a village bank president and the group leader. She is 42 years old and the mother of four children.Two of her children are employed at a garment factory while the remaining two attend the local school. Mrs. Vandy L. sells dessert in the village. Since her business is going well, she wants to expand it. Her loan will be used to buy more ingredients for her delicious desserts. Her husband, Mr. L. Sambor, is a farmer. He cultivates rice on a small piece of land.

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
  • 324
    View loans »
    Cambodia Loans Fundraising
  • $37,587,725
    Funds lent in using Kiva
  • 4,117.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Vandy Ly Village Bank Group's $2,475 loan helped a member to buy ingredient to make desserts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2008
Listed
Dec 20, 2008
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009