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Mrs. Chantha Tuy Village Bank Group
In this Group: Chantha, Pao, Sokha, Kheang, Mouy Kea, Vutdaren, Vet, Sren, Heach, Savoen, Sophy, Saroun, Yan, Leakhena, Channa, Boen, Damdous, Chantrea, Thong, Ratha, Phorn
Twenty-one people from the village of Kandal Kraom in Kandal Province formed a group to apply for a village bank loan. They will use the loan for different purposes. Mrs. Chantha T. is the village bank president. She is a farmer who owns a small piece of land where she cultivates rice. However, she does not have enough rice seeds to grow on her land. So she decided to request a loan for this purpose, and will use the rest of the loan to purchase fertilizer to make her crop more productive. Her husband, Mr. PH. Phally, sells icecream in the local village. Mrs. Chantha T. is 42 years old and the mother of four childR., one of whom helps with the father's business while another is employed in a garment factory and the others attend 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
  • 187
    View loans »
    Cambodia Loans Fundraising
  • $36,989,250
    Funds lent in using Kiva
  • 4,161.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chantha Tuy Village Bank Group's $3,050 loan helped a member to buy rice seeds and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010