Mrs. Mom Samean's Village Bank Group


Status: Paying Back - Delinquent

$1,575.00   Loan Amount
4% repaid

About the Group

Group Name: Mrs. Mom Samean's Village Bank Group
Group Members: Von Mao
In Srey Oun
Lach Sophanna
Uth Chan
Mon Saren
Lon Nat
Pen Sovanna
Pen Prim
Nov Sopha
Toek Nov
Mon Siry
Mom Samean
Location: Choeung Khnar Village, Cambodia
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $1,575.00
Loan Use: To ask for a loan to buy more vegetable in order to re-sell to her customers.
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 6, 2008
Date Disbursed: Oct 20, 2008
Date Funded:Oct 6, 2008

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,156.6000 KHR = 1 USD



Mrs. Mom Samean is the president of this village bank [solidarity group] of twelve people in Choeung Khnar Village in Kampong Chhnang Province. She is currently in the business of selling vegetables. Because this business is going well, she wants to expand it; so she decided to ask for a loan to buy more vegetables to re-sell to her customers. She hopes to increase her income and improve her living conditions with this new loan. Her husband, Mr. Seik Phally, owns a plot of land where he can cultivate rice to earn a living. Mrs. Mom Samean is 33 years old and the mother of a 3-year-old child, who is too young to work or study.



All the members in this group loan have end-of-term loans, and they 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 do so. 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 [Kiva’s Field Partner] has a delinquency rate of only 0.09% and 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. Mom Samean's Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Mom Samean's Village Bank Group
Location: Choeung Khnar Village, Cambodia

Thank you for your loan. It has been disbursed to the Mrs. Mom Samean's Village Bank group, consisting of Mom Samean, Mon Siry, Toek Nov, Nov Sopha, Pen Prim, Pen Sovanna, Lon Nat, Mon Saren, Uth Chan, Lach Sophanna, In Srey Oun, Von Mao by Angkor Mikroheranhvatho Kampuchea (AMK) in Cambodia. We are excited to watch this business grow. Over the next 24 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 Choeung Khnar Village, Cambodia
Oct 10, 2008
Comments (1)

Kiva Help Repayment Schedule for Mrs. Mom Samean's Village Bank Group

  Expected Repayments Actual Repayments Comments
January 2009 $65.62 $0.00 Repayment Received
February 2009 $65.62 $0.00 Delinquent
March 2009 $65.62 $4.85 Delinquent
April 2009 $65.62 $4.85 Delinquent
May 2009 $65.62 $0.00 Delinquent
June 2009 $65.62 $2.42 Delinquent
July 2009 $65.62 $0.00 Delinquent
August 2009 $65.62 $2.42 Delinquent
September 2009 $65.62 $0.00 Delinquent
October 2009 $65.62 $0.00 Delinquent
November 2009 $65.62 $4.87 Delinquent
December 2009 $65.62 $52.10  
January 2010 $65.62 Available Jan 1  
February 2010 $65.62 Available Feb 1  
March 2010 $65.62 Available Mar 1  
April 2010 $65.62 Available Apr 1  
May 2010 $65.62 Available May 1  
June 2010 $65.62 Available Jun 1  
July 2010 $65.62 Available Jul 1  
August 2010 $65.62 Available Aug 1  
September 2010 $65.62 Available Sep 1  
October 2010 $65.62 Available Oct 1  
November 2010 $65.62 Available Nov 1  
December 2010 $65.74 Available Dec 1