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Mrs. Chantha Nao Village Bank Group
In this Group: Chantha, Ni, Srey Ang, Chanthoen, Ouy, Hun, Nin, Kim Heng, Shim, Kini, Sokh Chea, Saophea, Meng Chhoun, Sokh Kheng, Kim Hak, Chanthou, Navy, Tom, Sarom
Nineteen people who live in Preak Svay village in Kandal province form the village bank loan.

The members selected M.. Chantha N. as the village bank president. She is a housewife who cooks delicious food for her family. She is 47 years old and the mother of six children, three of whom are employed in different careers while the remaining three attend the local school.

Her husband, Mr. O., is a construction worker and he also conducts a Tuk Tuk taxi business. Although they T. to work hard, they still cannot provide better conditions for their family. They also live uncomfortably because they have an old lavatory which needs to be fixed. M.. Chantha N. is asking for a loan to fix her lavatory to make her family members more healthy.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Cambodia

  • $2,600
    Average annual income
  • 168
    View loans »
    Cambodia Loans Fundraising
  • $35,963,100
    Funds lent in using Kiva
  • 4,132.7
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chantha Nao Village Bank Group's $2,775 loan helped a member to fix her lavatory to make her family members more healthy.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010