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Mrs. Samon Chork Villgae Bank Group
In this Group: Samon, Channy, Srei, Set, Ryna, Yutheary, Sophat, Sat, Savoin, Pum, Sokhom, Sareth, Chhem, Nai Yean, Phan, Thuon, Rann, Sameurn, Chroem, Sopheap, Narom, Reth
Twenty-two people who live in Phum Saeprammuoy village in Kampong Cham province have formed the village bank loan group. Each of the members will use the loan fO. a different purpose. Mrs. Samon C. is the village bank group president who was selected by the members. She is a farmer, who owns a plot of land and cultivates rice fO. a living. Her husband, Mr. Nhen Chhean, is a construction worker who does not earn sufficient income to support the family. Although Mrs. Samon C. and her husband work hard, they still live in poO. conditions. In order to improve these living conditions, Mrs. Samon C. decided to request a loan to buy a cow and start a breeding business. She hopes to increase her income to provide a better life fO. her family. Mrs. Samon C. is 40 years old and the mother of two children who 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
  • 103
    View loans »
    Cambodia Loans Fundraising
  • $35,502,525
    Funds lent in using Kiva
  • 4,077.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Samon Chork Villgae Bank Group's $3,250 loan helped a member to buy a cow and start a breeding business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2008
Listed
Jan 8, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010