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Mrs. Sophos Khon Village Bank Group
In this Group: Sophos, Srey Poch, Srey Nuch, Phalla, Savy, Sophaldana, Srey Mom, Sokhom, Sokhom, Sakhorn, Sophorn, Shinet, Sok Lay, Khan, Chen, Sophorn, Sopheap
Seventeen people who all live in Damnak Sangkae Village in Kandal Province form this village bank. They will use the loan for a variety of purposes.

Mrs. Sophos K. owns a small grocery store in the local market. Since this business is going well, she wants to expand it so she decided to ask for a loan to buy more grocery products for her inventory. Her husband, Mr. Khoem Sarin, is a motorbike repairer who can make a small income to support the family. Mrs. Sophos K. is 39 years old and the mother of six children, two of whom are employed in a garment factory while the others are attending the local school.

This is a village bank loan consisting partly of end-of-term (EoT) loans. Three members have EoT loans and the rest have monthly payment loans. Those receiving EoT loans are not required to pay any principal on the loan until the very end of the loan term. Such loans are AMK's main product because they are the most beneficial to Cambodia's poor. EoT allows them to repay portions of the principal whenever they are financially able. 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
  • 41
    View loans »
    Cambodia Loans Fundraising
  • $38,746,925
    Funds lent in using Kiva
  • 4,067.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sophos Khon Village Bank Group's $2,300 loan helped a member to buy more grocery products for her inventory.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 4, 2008
Jan 1, 2009
Currency Exchange Loss:
Dec 15, 2009