Mrs. Kung Nhoem Village Bank Group
Status: Paying Back
| $4,350.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs. Kung Nhoem Village Bank Group |
|---|---|
| Group Members: |
Kung Nhoem Chhon Suon Sokhon Haem Sokunthea Nob Touch Chhoeung Noeurn Khatt Vanna Koem Dy Khatt Ny Khatt Narann Naov Pheoun Uch Phany Sourn Pao Kung Chanveasna Sa Vannak Sa Each Chou Savoeun Sa Sary Bo Sam Ang So Sam Oeurn Um Chanthan Khuorn Kun Un Krouy Nu Reit Sem Chanra Bou Kim Srey Yorng Sary Khat Phearom Soun Phal Gneom |
| Location: | Ta Reab Doun Sa Village, Cambodia |
| Activity: | Farming |
About the Loan
| Loan Amount: | $4,350.00 |
|---|---|
| Loan Use: | to buy rice seed, fertilizer, and pesticides to support the rice field |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 30, 2009 |
| Date Disbursed: | Jul 13, 2009 |
| Date Funded: | Jul 31, 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: | 18052 |
| Total Loans: | $3,071,150 |
| 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: | 4,205.0000 KHR = 1 USD |
One member in this group 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.
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. Kung Nhoem Village Bank Group
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Loan has been disbursed
Location: Ta Reab Doun Sa Village, Cambodia
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Posted by
from Ta Reab Doun Sa Village, Cambodia
Aug 1, 2009 |
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Comment on this entry
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Repayment Schedule for Mrs. Kung Nhoem Village Bank Group
Repayment Schedule for Mrs. Kung Nhoem Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $352.85 | $352.85 |  Repayment Received
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| November 2009 | $352.85 | $352.85 | Repayment Received
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| December 2009 | $352.86 | $352.86 | Repayment Received
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| January 2010 | $352.85 | Available Jan 1 | |||
| February 2010 | $352.85 | Available Feb 1 | |||
| March 2010 | $352.85 | Available Mar 1 | |||
| April 2010 | $352.85 | Available Apr 1 | |||
| May 2010 | $352.86 | Available May 1 | |||
| June 2010 | $352.85 | Available Jun 1 | |||
| July 2010 | $352.85 | Available Jul 1 | |||
| August 2010 | $352.85 | Available Aug 1 | |||
| September 2010 | $468.63 | Available Sep 1 | |||
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