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Mrs. Koen Meas Village Bank Group
In this Group: Koen, Vanna, Pheap, Samoeun, Ros, Kung, Sokunreth, Sophorn, Channa, Many, Vy, Thoy, Veng, Oun, Lee
This village bank loan consists of fifteen people located in Kandal Kraom Village in Kandal Province. Mrs. Koen M. is the village bank president and was selected by the group members. She sells clothes in the local market. Since her business is doing well, she wants to expand it; thus, she decided to ask for a loan to buy more fashion clothes to resell. She hopes to increase her income and improve their living conditions with this loan. Her husband, Mr. Noeun Socheat, is a goldsmith in the local market. Mrs. Koen M. is 30 years old and the mother of a young child.

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
  • 132
    View loans »
    Cambodia Loans Fundraising
  • $35,092,400
    Funds lent in using Kiva
  • 4,161.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Koen Meas Village Bank Group's $2,125 loan helped a member to buy more fashion clothes to resell.
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