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Phon's Group
In this Group: Phon, Sun, Euth, Ung, Sok, Dork, Nhem, Chhoe, Yan, Khean
Ten members living in Chong Kaoh village in Kandal province are forming this village loan. They have selected Mrs. Phon K., 55 years old, as the village bank president. The members of this village loan will use their portions of the loan to suppO. their different purposes.

Mrs. Phon K. and her husband, Mr. Yorn Syna, are farmers who own 3.50-hectares of land which they use to cultivate rice and corn for a living. They don't have enough money to grow their crops, so Mrs. Phon K. would like to ask for a loan to purchase fertilizer, rice seeds and corn seeds to grow crops.

This farming couple work very hard to suppO. their four children: two are laborers and the others are attending 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
  • 52
    View loans »
    Cambodia Loans Fundraising
  • $41,847,450
    Funds lent in using Kiva
  • 4,034.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Phon's Group's $1,500 loan helped a member to purchase fertilizer, rice seeds and corn seeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 8, 2010
Jan 1, 2011
Currency Exchange Loss:
Feb 1, 2012