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Mrs. Sovann Phang Village Bank Group
In this Group: Sovann, Moa, Noeurn, Sokha, Torn, Phat, Nem, Srey Moa, Sat, Mao, Lina
Eleven people living in Preaek Pang village in Kandal province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Sovann P. is 46 years old and is the president of the village bank group. She is also a vegetable seller in the local market. Her husband, Mr. Et Vuthy, is a farmer who owns a plot of land to cultivate vegetables. He needs to purchase more seeds to sow on his field. So, Mrs. Sovann P. decided to ask for a loan to buy ginger seed. She hopes to increase their income and improve her family living conditions with this loan. She has eight children, three of whom are employed in a garment factory, two of whom are laborers, and the remaining three are enrolled in 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
  • 176
    View loans »
    Cambodia Loans Fundraising
  • $35,791,825
    Funds lent in using Kiva
  • 4,107.1
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sovann Phang Village Bank Group's $1,450 loan helped a member to buy ginger seed to grow on their field.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010