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Mrs. Sovy Vann Villag Bank Group
In this Group: Sovy, Cheng, Khoch, Chin, Menghong, Sokmom, Seak Eng, Chenda, Soeurn, Sarorn, Bat, Samphors, Chanthy, Sokneang, Soeurn, Sreimao, Chinda, Tech Khim, Oeth, Khorn, Penh, Theara, Thee, Sambath
Twenty-four people living in Knong Preaek village in Kandal province comprise this village bank, and they will use their share of the loan for various purposes. Mrs. Sovy V., the 32-year-old village bank president, is a fish seller in the local market. Since her business is going well, she wants to expand it. Thus, she decided to request a loan to buy more fish to re-sell. She hopes to increase her income and improve the family's living conditions with this loan. Her husband, Mr. N. ME. Tech, is a waiter who can make only a small salary to support the family. Mrs. Sovy V. is the mother of a child who is enrolled in the local school.

One member in this group loan has an end-of-term loan and the rest have monthly payment loans. EoT borrowers 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 to. 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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $41,847,450
    Funds lent in using Kiva
  • 4,116.8
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sovy Vann Villag Bank Group's $3,200 loan helped a member to buy more fish to re-sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 24, 2008
Feb 1, 2009
Currency Exchange Loss:
Dec 15, 2009