Mrs. Nget Soun Village Bank Group
Status: Paid Back
| $2,850.00 | Loan Request | |
|---|---|---|
| $2,850.00 | Paid Back |
About the Group
| Group Name: | Mrs. Nget Soun Village Bank Group |
|---|---|
| Group Members: |
Nget Soun Vicheth Khom Sokhim Chin Huoy Chhorn Eth Chin Chamreourn Man Long Chin Morn Surn Thai Phin Rith Chheourn Phath Phal Pha Leng Yoeung Chen Savorn Son Srun Son Srey Son Ngaeth Son Sreiroart Eth Navy Kuoy Srey Toch Chak Toma Long Mai Norng |
| Location: | Roka Village, Cambodia |
| Activity: | Restaurant |
About the Loan
| Loan Amount: | $2,850.00 |
|---|---|
| Loan Use: | To buy tables, chairs, plates and supplies to start a rice soup business |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 26, 2008 |
| Date Disbursed: | Oct 27, 2008 |
| Date Funded: | Dec 11, 2008 |
| Loan Ended: | Nov 15, 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: | 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: | 4,116.9500 KHR = 1 USD |
This is a group loan consisting mainly of end-of-term loans. One member has end-of-term loans and the rest of have monthly payment loans. These members 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. Most clients start to make their payments many months before the end of the loan term. Almost all of AMK’s client 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. Nget Soun Village Bank Group
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Loan has been disbursed
Location: Roka Village, Cambodia
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Posted by
from Roka Village, Cambodia
Dec 12, 2008 |
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Comments (11)
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Repayment Schedule for Mrs. Nget Soun Village Bank Group
Repayment Schedule for Mrs. Nget Soun Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2009 | $0.00 | $231.47 | |||
| February 2009 | $475.00 | $231.47 |  Repayment Received
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| March 2009 | $237.50 | $231.47 | Repayment Received
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| April 2009 | $237.50 | $231.47 | Repayment Received
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| May 2009 | $237.50 | $231.47 | Repayment Received
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| June 2009 | $237.50 | $231.47 | Repayment Received
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| July 2009 | $237.50 | $231.47 | Repayment Received
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| August 2009 | $237.50 | $231.47 | Repayment Received
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| September 2009 | $237.50 | $231.47 | Repayment Received
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| October 2009 | $237.50 | $231.47 | Repayment Received
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| November 2009 | $237.50 | $231.47 | Repayment Received
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| December 2009 | $237.50 | $303.83 | Repayment Received
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