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Mrs. Chhunheng Sok Village Bank Group
In this Group: Chhunheng, Heang, Haon, Phalla, Yeoun, Buntheng, Muoy Hong, Sorn, Channak, Kemseang, Eng Srun, Sa Run, Pov, Phalla, Sokun, Srei, Chhoeurn, Chhai Keng
Eighteen people living in the Preaek Chan Village in the Kampong Cham Province comprise this village bank loan, and they will use the loan for various purposes. Mrs. ChhunH. S., the 53-year-old village bank president, is a rice soup seller. Since her business is going well, she wants to expand it. Thus, she decided to ask for a loan to buy more ingredients to make her delicious rice soup. Her husband, Mr. Sin Seng Hong, is a village chief who doesn't earn enough to support the family. Mrs. ChhunH. S. has seven children, one of whom is a beautician while another is employed in a garment factory. One is a construction worker while another helps with the family business, and the remaining three 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
  • 86
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,146.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chhunheng Sok Village Bank Group's $2,625 loan helped a member to buy more ingredients to make rice soup to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2009
Listed
Feb 5, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010