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Mrs. Savong Hang Village Bank Group
In this Group: Savong, Kosal, Salun, Sali, Da, Srey Mom, Yon, Sophy, Van, Saroun, Shinoun, Sophea, Vuthea, Ra, Chan Dorn, Sakhim, Oun
This village bank groups consists of 17 members in Stueng village in Kandal province, Cambodia. The members plan to use their loan for various purposes. Mrs. Savong H. was selected by the group members to be the village bank president. She sells vegetables in the village market. Her husband, Mr. Phorn Thean, is a construction worker and a fisherman, but he does not have enough fishnets to increase his catch. Thus, Mrs. Savong H. decided to ask for a loan to buy more fishnets for her husband. She hopes to increase their income and improve their living conditions with this loan. She is 48 years old and the mother of six children, four of whom are employed in a garment factory while the others are enrolled in the local school.

Two members in this group loans will receive End-of-Term (EoT) loans and the rest will have monthly payment loans. In EoT loans, payment on principal is not required until the very end of the loan term but is allowed at any time that the borrower is able to make such a payment. The EoT loan is AMK’s main product because it is the most beneficial to Cambodia’s poor. Most clients start to make principal 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
  • 107
    View loans »
    Cambodia Loans Fundraising
  • $41,424,450
    Funds lent in using Kiva
  • 4,132.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Savong Hang Village Bank Group's $1,950 loan helped a member to buy fishnets.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Jan 5, 2009
Feb 1, 2009
Currency Exchange Loss:
Oct 17, 2009