Mrs. Chhorn Ben Village Bank Group


Status: Paying Back

$3,200.00   Loan Amount
15% repaid

About the Group

(For privacy reasons, the Field Partner has requested that location be undisclosed)
Group Name: Mrs. Chhorn Ben Village Bank Group
Group Members: Chhorn Ben
Mach Les
Channa Pouch
Chhuon En
Srim Orm
Doeur Chaem
Vat Hem
Moeun Les
Khoeun En
Chhin Khut
Vuth Nem
Ra Long
Ven Nem
Yean Mam
Chantha Ream
Sok Heng Chan
Sokheng Chuon
Samet Let
Sitha Aor
Khon Suos
Location: Location Undisclosed, Cambodia
Activity: Weaving

About the Loan

Loan Amount: $3,200.00
Loan Use: To buy more silk to weave
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 12, 2009
Date Disbursed: Jul 27, 2009
Date Funded:Aug 16, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,202.0000 KHR = 1 USD



Mrs. Chhorn Ben is a silk weaver in her village. She is 45 years old and the mother of five children: two of them are attending the local school while the others are still at home because they are young. Her husband, Mr. Aom Sreav, is a construction worker. Since her business is going well, she wants to expand it, so she decided to ask for a loan to buy more silk to weave. She hopes to increase her income to improve her living conditions. Mrs. Chhorn Ben is the village bank president who has been selected by the members.


Twenty people, who all live in Kandal village in Takeo province, make up this village bank. The members will use their loans for different purposes. Eight members in this group have end-of-term loans (the rest have monthly payment loans). They are not required to pay any principal on the loan until the very end of the loan term.


End-of-term loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. They allow them to repay portions of the principal whenever they are 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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Lenders to this group

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Eva
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Aly
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Arvid
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Andi
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albert
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Laurent D
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Tony
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Rebecca Dunsdon
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Lasse
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Harold Zwaal
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Journal entries for Mrs. Chhorn Ben Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Chhorn Ben Village Bank Group
Location: Location Undisclosed, Cambodia

Thank you for your loan. It has been disbursed to Mrs. Chhorn Ben Village Bank Group, consisting of Chhorn Ben, Mach Les, Channa Pouch, Chhuon En, Srim Orm, Doeur Chaem, Vat Hem, Moeun Les, Khoeun En, Chhin Khut, Vuth Nem, Ra Long, Ven Nem, Yean Mam, Chantha Ream, Sok Heng Chan, Sokheng Chuon, Samet Let, Sitha Aor, Khon Suos by Angkor Microfinance Kampuchea (AMK) in Cambodia. We are excited to watch this business grow. Over the 11 months of this loan, Angkor Microfinance Kampuchea (AMK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Location Undisclosed, Cambodia
Aug 17, 2009
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Kiva Help Repayment Schedule for Mrs. Chhorn Ben Village Bank Group

  Expected Repayments Actual Repayments Comments
October 2009 $163.25 $163.25 Repayment Received
November 2009 $163.25 $163.25 Repayment Received
December 2009 $163.24 $163.24 Repayment Received
January 2010 $163.25 Available Jan 1  
February 2010 $163.25 Available Feb 1  
March 2010 $163.25 Available Mar 1  
April 2010 $163.24 Available Apr 1  
May 2010 $163.25 Available May 1  
June 2010 $163.25 Available Jun 1  
July 2010 $163.25 Available Jul 1  
August 2010 $163.25 Available Aug 1  
September 2010 $1,404.27 Available Sep 1