Mrs. Long Pork Village Bank Group
Status: Paying Back
| $2,425.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs. Long Pork Village Bank Group |
|---|---|
| Group Members: |
Long Pork Leab Pork Sokhim Yaem Chhom Ben Sarorn Prum Touch Nhoem Savoeun Dong Khurn Pouk Oeurn Dong Chenda Dong Uok Paen Sarit Maen Sophany Vun Leang Ay Ngov Vanthorn Chhuon Rorn Hit Sothorn Pael Roem Hit Ron Hit El Hul |
| Location: | Trapeang Veaeng Village, Cambodia |
| Activity: | Weaving |
About the Loan
| Loan Amount: | $2,425.00 |
|---|---|
| Loan Use: | To purchasing more raw materials |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Nov 1, 2009 |
| Date Disbursed: | Sep 16, 2009 |
| Date Funded: | Nov 2, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | AMK (Angkor Microfinance Kampuchea) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 21 months |
| Kiva Entrepreneurs: | 17971 |
| Total Loans: | $3,057,525 |
| 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: | 4,151.0000 KHR = 1 USD |
Mrs. Long Pork is the village bank president. This village bank consists of 20 people located in Trapeang Veaeng village in Takeo province. The members will use their loans for different purposes. Ten members of this group loan 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 the most beneficial to Cambodia’s poor. EoT loans allow them to repay portions of the principal whenever they are financially able. Most clients start to make their 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 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. Long Pork Village Bank Group
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Loan has been disbursed
Location: Trapeang Veaeng Village, Cambodia
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Posted by
from Trapeang Veaeng Village, Cambodia
Nov 3, 2009 |
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Comment on this entry
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Repayment Schedule for Mrs. Long Pork Village Bank Group
Repayment Schedule for Mrs. Long Pork Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $242.69 | Available Jan 1 | |||
| February 2010 | $121.35 | Available Feb 1 | |||
| March 2010 | $121.35 | Available Mar 1 | |||
| April 2010 | $121.35 | Available Apr 1 | |||
| May 2010 | $121.34 | Available May 1 | |||
| June 2010 | $121.35 | Available Jun 1 | |||
| July 2010 | $121.35 | Available Jul 1 | |||
| August 2010 | $121.34 | Available Aug 1 | |||
| September 2010 | $121.35 | Available Sep 1 | |||
| October 2010 | $121.35 | Available Oct 1 | |||
| November 2010 | $1,090.18 | Available Nov 1 | |||
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