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Mrs. Srorn Chhay  Village Bank Group
In this Group: Srorn, Vann, Sarin, Ny, Ngaeth, Phy, Ren, Sokly, Srey Leak, Phai, Thorn, Yon, Bor, Yim
The village bank, which is located in Tep Archun village in Kandal province, consists of fourteen people, and they plan to use the loan for different purposes. Mrs. Srorn C. is the village bank president. She is a grocer 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. She hopes to increase her income in order to provide a better life for the family. She is a 38-year-old widow with a child who is enrolled in the local school. Mrs. Kong Don, who is a group guarantor, is also presented in the picture with the village bank members.

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
  • 306
    View loans »
    Cambodia Loans Fundraising
  • $37,565,125
    Funds lent in using Kiva
  • 4,134.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Srorn Chhay Village Bank Group's $1,975 loan helped a member to ask loan to buy more grocery products for her inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2009
Listed
Feb 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010