Mrs. Srei Kung Village Bank Loan Group
Status: Paying Back
| $2,525.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs. Srei Kung Village Bank Loan Group |
|---|---|
| Group Members: |
Srei Kung Srei Chea Samphors Prum Sophy Prum Chea Chou Sochanmaly Than Sopha Sary Soth Prum Than Saom Rorn Kung Nary Um Chantha Meas Kunthea Thorn Narith Prom Chea Sok |
| Location: | Samraong Village, Cambodia |
| Activity: | Farming |
About the Loan
| Loan Amount: | $2,525.00 |
|---|---|
| Loan Use: | To buy farming supplies |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 1, 2009 |
| Date Disbursed: | Aug 17, 2009 |
| Date Funded: | Oct 18, 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: | 4,125.0000 KHR = 1 USD |
Five members in this group have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are most beneficial to Cambodia’s poor. These loans allow the borrower 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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Journal entries for Mrs. Srei Kung Village Bank Loan Group
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Loan has been disbursed
Location: Samraong Village, Cambodia
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Posted by
from Samraong Village, Cambodia
Oct 19, 2009 |
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Comment on this entry
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Repayment Schedule for Mrs. Srei Kung Village Bank Loan Group
Repayment Schedule for Mrs. Srei Kung Village Bank Loan Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $461.49 | $461.49 |  Repayment Received
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| January 2010 | $153.83 | Available Jan 1 | |||
| February 2010 | $153.83 | Available Feb 1 | |||
| March 2010 | $153.83 | Available Mar 1 | |||
| April 2010 | $153.84 | Available Apr 1 | |||
| May 2010 | $153.83 | Available May 1 | |||
| June 2010 | $153.83 | Available Jun 1 | |||
| July 2010 | $153.83 | Available Jul 1 | |||
| August 2010 | $153.83 | Available Aug 1 | |||
| September 2010 | $832.86 | Available Sep 1 | |||
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