Mrs. Neth Yoeun Village Bank Group


Status: Paid Back

$1,975.00   Loan Request
$1,975.00   Paid Back

About the Group

Group Name: Mrs. Neth Yoeun Village Bank Group
Group Members: Kung Vanna
Prum Rith
Sao Phalleap
Phum Soeung
Bo Chhanda
Morm Many
Sum Vanney
Bo Keo
Chuorb Sam On
Chab Koeun
Chheth Yon
Neth Thuork
Nuth Sakhorn
Neth Yoeun
Location: Sdao Kanlaeng Village, Cambodia
Activity: Grocery Store

About the Loan

Loan Amount: $1,975.00
Loan Use: To buy dry fish to increase inventory and meet customers demands
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 29, 2008
Date Disbursed: Sep 13, 2008
Date Funded:Aug 30, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,104.5000 KHR = 1 USD



The Village Bank located in Sdao Kanlaeng Village in the Kandal Province consists of fourteen members.Mrs. Neth Yoeun is the Village Bank President. She was born in 1946 and is a widow with three children and sells grocery products. One of her children is employed in a garment factory, another is selling groceries in Phnom Penh, a Cambodian city, and the youngest child who is 23-years-old, assists Mrs. Neth Yoeun with her business.


Becuase her business is going well, Mrs. Neth Yoeun wants to expand her inventory and is requesting a loan to buy dry fish to meet her customers demands. She hopes to increase her income and improve the family's living conditions with this loan.



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. Neth Yoeun Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Neth Yoeun Village Bank Group
Location: Sdao Kanlaeng Village, Cambodia

Thank you for your loan. It has been disbursed to the Mrs. Neth Yoeun Village Bank group, consisting of Neth Yoeun, Nuth Sakhorn, Neth Thuork, Chheth Yon, Chab Koeun, Chuorb Sam On, Bo Keo, Sum Vanney, Morm Many, Bo Chhanda, Phum Soeung, Sao Phalleap, Prum Rith, Kung Vanna by Angkor Mikroheranhvatho Kampuchea (AMK) in Cambodia. We are excited to watch this business grow. Over the next 11 months, Angkor Mikroheranhvatho Kampuchea (AMK) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Sanjaya Punyasena from Sdao Kanlaeng Village, Cambodia
Aug 31, 2008
Comment on this entry

Video interview with Bo Chhanda of Neth Yoeun VB
 
Entrepreneur: Mrs. Neth Yoeun Village Bank Group
Location: Sdao Kanlaeng Village, Cambodia

My name is Katie Davis and I am a Kiva Fellow (KF7) volunteering in Phnom Penh, Cambodia for 4 months at Kiva field partner AMK.

I recently had the opportunity to visit the Sdao Kanleang Village in Kandal Province to interview Kiva borrowers. I spoke with Mrs. Bo Chhanda, who is a member of the Neth Yoeun Village Bank group of 14 entrepreneurs. I filmed our conversation with the help of AMK’s Kiva Coordinator and translator, Mr. Sopanith Hay, and I would like to share a brief video update with you based on this interview. Please enjoy!

The Neth Yoeun Village Bank group has faced a setback in the past month because one of the group members ran away with her portion of the money. This is a rare occurrence in the Cambodian microfinance landscape. Four of the other group members have stepped up to cover the runaway’s portion of the loan repayments so that the group stays on track for full repayment. This is an unfortunate situation but the group seems to be handling it well. When a village bank group is initially formed, all members agree to guarantee each other in case of delinquency or default.

Thank you for making a loan through Kiva. To see other AMK loans on the Kiva website click here


Posted by Katie Davis from Sdao Kanlaeng Village, Cambodia
May 19, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mrs. Neth Yoeun Village Bank Group

  Expected Repayments Actual Repayments Comments
November 2008 $0.00 $180.00  
December 2008 $179.55 $0.00 Repayment Received
January 2009 $179.55 $179.09 Repayment Received
February 2009 $179.55 $179.55 Repayment Received
March 2009 $179.55 $179.55 Repayment Received
April 2009 $179.55 $179.55 Repayment Received
May 2009 $179.55 $179.55 Repayment Received
June 2009 $179.55 $179.54 Repayment Received
July 2009 $179.55 $179.55 Repayment Received
August 2009 $179.55 $179.55 Repayment Received
September 2009 $179.55 $179.57 Repayment Received
October 2009 $179.50 $179.50 Repayment Received