Mrs. Seng Leng Village Bank Group


Status: Paying Back

$4,150.00   Loan Amount
46% repaid

About the Group

Group Name: Mrs. Seng Leng Village Bank Group
Group Members: Seng Leng
Sareth Ung
Yom Ung
Savoen Pat
Savy Pat
Sophon Nong
Sovan Ros
Sophal Sam
Sovannaren Prom
Somany Uk
Yorn Ung
Sophal Nong
Bou Pat
Naren Pech
Kunthay Vong
Sora Heng
Sophat Sam
Shuy Leang Kang
Neang Boem
Thouk Toun
Ie Van
Eat Chea
Seiha Toch
Chandyna Sang
Bunthorn Chea
Pho Phai
Sokh Kung Chat
Sarom Phoung
Srey Pao Nhem
Location: Roteang Village, Cambodia
Activity: Fishing

About the Loan

Loan Amount: $4,150.00
Loan Use: Fishing nets
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 1, 2009
Date Disbursed: Apr 3, 2009
Date Funded:May 23, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,138.3500 KHR = 1 USD



The village bank which consists of twenty nine members is located in Roteang village in Kandal province and the borrowers plan to use the loan for various purposes. Mrs. Seng Leng is the village bank president who has been selected by the members. She is a farmer who owns a small piece of land to grow vegetables. Her husband, Mr. Nhoem Poun, is a fisherman. Since his fishing business is doing well, he wants to expand it; thus, Mrs. Seng Leng decided to ask for a loan to buy more fishnets for her husband's fishing operation. She hopes to increase her family's income and improve its standard of living. She is a 48-year-old mother of seven children: two are employed in a garment factory, four are attending the local school, and the remaining one is too young to work or study.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Mrs. Seng Leng Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Seng Leng Village Bank Group
Location: Roteang Village, Cambodia

Thank you for your loan. It has been disbursed to Mrs. Seng Leng Village Bank Group, consisting of Seng Leng, Sareth Ung, Yom Ung, Savoen Pat, Savy Pat, Sophon Nong, Sovan Ros, Sophal Sam, Sovannaren Prom, Somany Uk, Yorn Ung, Sophal Nong, Bou Pat, Naren Pech, Kunthay Vong, Sora Heng, Sophat Sam, Shuy Leang Kang, Neang Boem, Thouk Toun, Ie Van, Eat Chea, Seiha Toch, Chandyna Sang, Bunthorn Chea, Pho Phai, Sokh Kung Chat, Sarom Phoung, Srey Pao Nhem by AMK in Cambodia. We are excited to watch this business grow. Over the 12 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Roteang Village, Cambodia
May 24, 2009
Comments (1)

Kiva Help Repayment Schedule for Mrs. Seng Leng Village Bank Group

  Expected Repayments Actual Repayments Comments
July 2009 $345.86 $345.86 Repayment Received
August 2009 $345.86 $345.86 Repayment Received
September 2009 $345.86 $345.86 Repayment Received
October 2009 $345.86 $324.60 Repayment Received
November 2009 $345.86 $318.14 Repayment Received
December 2009 $345.86 $270.04  
January 2010 $345.86 Available Jan 1  
February 2010 $345.86 Available Feb 1  
March 2010 $345.86 Available Mar 1  
April 2010 $345.86 Available Apr 1  
May 2010 $345.86 Available May 1  
June 2010 $345.54 Available Jun 1