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Mrs. Nara Den Village Bank Group
In this Group: Nara, Ron, Srey Toch, Sopheap, Srey Mom, Sophos, Vanny, Leakhena, Sophorn, Yourb, Samol, Houy, Sang, Yech, Samnang, Phall
This village bank loan is granted to sixteen people located in Anlong Romeit Choeng Village in Kandal Province. Mrs. Nara D. is the village bank president who has been selected by the members. She is a grocer who does not earn enough income to support her household. Since she has a lot of customers who need many varied items, she wants to expand her grocery store. Thus, she decided to ask for a loan to purchase more grocery goods for her inventory. Her husband, Mr. Suos Vanna, is a construction worker. Mrs. Nara D. is 43 years old and the mother of four children, three of whom are attending the local school while the youngest one is too young to work or study.

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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,161.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Nara Den Village Bank Group's $2,275 loan helped a member to purchase more grocery goods for her inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 9, 2008
Listed
Jan 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010