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Mrs. Noav Peang Village Bank Group
In this Group: Noav, Ratana, Votey, Loar, Chanroeurn, Koemsean, Nimul, Seiha, Borei, Thida, Sokheng, Sovann, Sarourn, Sokna, Bun, Mavy, Soksin, Vuthy, Houch, Sok Leak, Danet, Nat, Saran, Lee
Twenty-four people who all live in Preaek Pang village in Kandal province make up the village bank loan group. All the members will use the loan for different purposes. Mrs. N. P. is a village bank president. She is a vegetable seller in the local market. Her husband, Mr. Toem Vanny, is a pig breeder. Since his pigs grow bigger and bigger, he does not have enough money to buy pig food to feed them. Thus, Mrs. N. P. decided to ask for a loan to buy pig food for her husband. Mrs. N. P. is 46 years old and the mother of three children, two of whom help their parents in the business activities, while the youngest one is attending the local school. Mrs. Nimul N. did not attend the loan meeting but her husband did, so he is presented in the picture instead.

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
  • 104
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,136.6
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Noav Peang Village Bank Group's $3,350 loan helped a member to buy pig food for her husband's business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010