Mrs Rim Choem Village Bank Group
Status: Paying Back
| $3,150.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs Rim Choem Village Bank Group |
|---|---|
| Group Members: |
Rim Choem Oeurn San Searm Kem Thon Roem Vanny Chea Heang Khatt Sokaun Chuorb Somaly Chea Yan Un Pov Sarn Pin Uth Yath Sun Im San Yeth Lin Vannak Phorn Malis Surs Roeurn Choem Phuong San Khem Khurn Yorm Bun Yon Sann Sokhom Khourn Noeun Khath Khoeun Khuon |
| Location: | Mkak Village, Cambodia |
| Activity: | Farming |
About the Loan
| Loan Amount: | $3,150.00 |
|---|---|
| Loan Use: | To buy fertilizer for her rice field |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 1, 2009 |
| Date Disbursed: | May 5, 2009 |
| Date Funded: | Jun 16, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | AMK (Angkor Microfinance Kampuchea) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 21 months |
| Kiva Entrepreneurs: | 18121 |
| Total Loans: | $3,081,200 |
| Delinquency Rate: | N/A - see note |
| Default Rate: | 0.00% (see note) |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Cambodia |
|---|---|
| Avg Annual Income: | $2,600.00 |
| Currency: | Cambodia Riels (KHR) |
| Exchange Rate: | 4,126.0000 KHR = 1 USD |
Eighteen members in this group have end-of-term (EoT) loans. This means they are not required to pay any principal on the loan until the very end of the loan term. (The rest have monthly payment loans.) EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. An EoT loan allows the borrower to repay portions of the principal whenever he or she is 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.
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 Rim Choem Village Bank Group
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Loan has been disbursed
Location: Mkak Village, Cambodia
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Posted by
from Mkak Village, Cambodia
Jun 17, 2009 |
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Comment on this entry
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Repayment Schedule for Mrs Rim Choem Village Bank Group
Repayment Schedule for Mrs Rim Choem Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2009 | $72.97 | $82.70 |  Repayment Received
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| September 2009 | $72.97 | $85.14 | Repayment Received
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| October 2009 | $72.97 | $87.57 | Repayment Received
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| November 2009 | $72.97 | $367.30 | Repayment Received
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| December 2009 | $72.97 | $111.87 | Repayment Received
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| January 2010 | $72.97 | Available Jan 1 | Repayment Received
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| February 2010 | $72.97 | Available Feb 1 | Repayment Received
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| March 2010 | $72.97 | Available Mar 1 | Repayment Received
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| April 2010 | $72.97 | Available Apr 1 | Repayment Received
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| May 2010 | $72.97 | Available May 1 | Repayment Received
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| June 2010 | $72.97 | Available Jun 1 | |||
| July 2010 | $2,347.33 | Available Jul 1 | |||
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