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Mrs. Chanthy Chab Village Bank Group
In this Group: Chanthy, Sophorn, Leang, Oury, La, Samneang, Sarin, Sophal, Sokha, Sam Ang, Savy, Yan, Ravy, Samom, Vanny, Vanna, Phai, Socheata, Sophat, Sokunthea, Neth, Lab, Sinath, Yom, Naren, Chenda, Dany, Shitha
The Village Bank, which consists of twenty-eight members, is located in Dei Edth Kaoh Phos village in Kandal province and they plan to use the loan which they obtained for different purposes. Mrs. Chanthy C. is the village bank president who has been selected by the members. She is a vegetable seller in the local market. Since her business is doing well, she wants to expand it but she does not have enough money. In order to deal with this problem, she decided to ask for a loan to buy more vegetables to add to her business to earn more income. Her husband, Mr. Horm Chamnab, is a worker in a bread shop who gets a little salary to support his family. Mrs. Chanthy C. is 26 years old and the mother of a child who is too young to work or study. Mrs. Sam Srey Oun, who is a group guarantor, is also shown in the photo.

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
  • 112
    View loans »
    Cambodia Loans Fundraising
  • $35,862,650
    Funds lent in using Kiva
  • 4,098.5
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chanthy Chab Village Bank Group's $4,025 loan helped a member to buy more vegetables to add to her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2009
Listed
Apr 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010