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Mrs. Sokvorn Chhom Village Bank Group
In this Group: Sokvorn, Soknuorn, Phorn, Yurn, Chanthou, Ron, Thorn, Phom, Lim, Mom, Art, Y, Theoun, Srey, Sorn, Lee, Neat, Sin
Mrs. Sokvorn C. is 27 years old and the mother of two children wH. are too young to work or study. The village bank which consists of eighteen members is located in Kampong Trea village in Kandal province. They plan to use the loan which they obtained in different purposes. Mrs. Sokvorn C. is the village bank president wH. has been selected by the members. She is a farmer wH. owns a piece of land to cultivate both rice and vegetables. In her vegetable growing she faces an obstacle because she does not have vegetable seeds for growing. Thus, she decided to ask for a loan to buy vegetable seeds to grow on the field. Her husband, Mr. Nget Thy, is a driver for a garment factory. Mrs. Srey O. did not come to take a loan but her husband was, so he is presented in the picture instead.

One member in this group loan is an end-of-term loan and the rest have monthly payment loans. They are not required to pay any principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK’s main product because it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financially able. Most clients start to make payments many months before the end of the loan term. Almost all of AMK’s clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

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
  • 48
    View loans »
    Cambodia Loans Fundraising
  • $41,847,450
    Funds lent in using Kiva
  • 4,170.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sokvorn Chhom Village Bank Group's $3,050 loan helped a member to ask for a loan to buy vegetable seed to grow on the field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 16, 2009
Aug 6, 2009
Currency Exchange Loss:
Aug 15, 2010