Mrs. Rith Sambath's Village Bank Group
Status: Paying Back - Delinquent
| $1,350.00 | Loan Amount |
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About the Group
| Group Name: | Mrs. Rith Sambath's Village Bank Group |
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| Group Members: |
Rith Sambath Sot Men Sot Mao Khuon Yom Mao Krey Kan Phal Phom Sokhon Plong Ny Pov Thea Hen Ny Mok Yeng Sim Sareth (not pictured) Sin Rim Him Khim |
| Location: | Bompong Phchoek Village, Cambodia |
| Activity: | Personal Housing Expenses |
About the Loan
| Loan Amount: | $1,350.00 |
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| Loan Use: | To buy zinc strips to replace the old roof. |
| Repayment Term: | 26 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Oct 25, 2008 |
| Date Disbursed: | Nov 9, 2008 |
| Date Funded: | Oct 26, 2008 |
About the Field Partner
About the Field Partner
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| Field Partner: | AMK (Angkor Microfinance Kampuchea) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 21 months |
| Kiva Entrepreneurs: | 18052 |
| Total Loans: | $3,071,150 |
| 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: | 4,090.6000 KHR = 1 USD |
Mrs. Rith Sambath is 41 years old and the mother of three children, one of whom is a fisherman. The others are enrolled in the local school. Although Mrs. Rith Sambath's family members have different businesses, they still live in an old house with a leaking roof. In order to repair this roof, Mrs. Rith Sambath has decided to ask for a loan to buy zinc strips to replace the old roof.
All of the members in this village bank have end-of-term (EoT) loans, so 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 they are the most beneficial to Cambodia’s poor. These allows them to repay portions of the principal whenever they are financially able to. 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. Rith Sambath's Village Bank Group
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Loan has been disbursed
Location: Bompong Phchoek Village, Cambodia
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Posted by
Sanjaya Punyasena from Bompong Phchoek Village, Cambodia
Oct 27, 2008 |
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Comment on this entry
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Repayment Schedule for Mrs. Rith Sambath's Village Bank Group
Repayment Schedule for Mrs. Rith Sambath's Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
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| February 2009 | $56.25 | $2.45 |  Repayment Received
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| March 2009 | $56.25 | $0.00 | Repayment Received
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| April 2009 | $56.25 | $12.27 |  Delinquent
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| May 2009 | $56.25 | $12.27 | Delinquent
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| June 2009 | $56.25 | $24.54 | Delinquent
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| July 2009 | $56.25 | $29.45 | Delinquent
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| August 2009 | $56.25 | $9.82 | Delinquent
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| September 2009 | $56.25 | $12.27 | Delinquent
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| October 2009 | $56.25 | $0.00 | Delinquent
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| November 2009 | $56.25 | $4.91 | Delinquent
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| December 2009 | $56.25 | $24.55 | |||
| January 2010 | $56.25 | Available Jan 1 | |||
| February 2010 | $56.25 | Available Feb 1 | |||
| March 2010 | $56.25 | Available Mar 1 | |||
| April 2010 | $56.25 | Available Apr 1 | |||
| May 2010 | $56.25 | Available May 1 | |||
| June 2010 | $56.25 | Available Jun 1 | |||
| July 2010 | $56.25 | Available Jul 1 | |||
| August 2010 | $56.25 | Available Aug 1 | |||
| September 2010 | $56.25 | Available Sep 1 | |||
| October 2010 | $56.25 | Available Oct 1 | |||
| November 2010 | $56.25 | Available Nov 1 | |||
| December 2010 | $56.25 | Available Dec 1 | |||
| January 2011 | $56.25 | Available Jan 1 | |||
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