Mrs. Chraeng Yang Village Bank Group


Status: Paid Back

$2,050.00   Loan Request
$2,050.00   Paid Back

About the Group

Group Name: Mrs. Chraeng Yang Village Bank Group
Group Members: Chraeng Yang
Seanghuoy Sok
Nhen Touch
Sdaeng San
Nhoeb Kung
Kim Kung
Chanry Chhoem
Chanreourn Heang
Phean Touch
Hourt Heang
Mach San
Sreythouk Chham
Sotom Sem
Pon Sreng
Srey Net Chan
Eat Pao
Pao Cheng
Sokly Khleang
Location: Roka Village, Cambodia
Activity: Grocery Store

About the Loan

Loan Amount: $2,050.00
Loan Use: To add more grocery products to her inventory.
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 22, 2008
Loan Ended:Nov 15, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,116.9500 KHR = 1 USD



Eighteen people who all live in Roka Village in Kandal Province make up this village bank loan; all of the members will use the loan proceeds for different purposes. Mrs. Chraeng Yang is the village bank president who has been selected by the members. She owns a small grocery store in the local village. Since this current business is going well, she wants to expand it and so is seeking a loan to add more grocery products to her inventory. Her husband, Mr. Uoch Touch, helps her in the current business. Mrs. Chraeng Yang is 61 years old and the mother of a child who is employed in a garment factory.


One of the members in this village bank loan is an end-of-term loans and the rest have monthly payment loans. This client is 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 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. Chraeng Yang Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Chraeng Yang Village Bank Group
Location: Roka Village, Cambodia

Thank you for your loan. It has been disbursed to the Chraeng Yang group, consisting of Chraeng Yang, Seanghuoy Sok, Nhen Touch, Sdaeng San, Nhoeb Kung, Kim Kung, Chanry Chhoem, Chanreourn Heang, Phean Touch, Hourt Heang, Mach San, Sreythouk Chham, Sotom Sem, Pon Sreng, Srey Net Chan, Eat Pao, Pao Cheng, Sokly Khleang by AMK in Cambodia. We are excited to watch this business grow. Over the 12 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Roka Village, Cambodia
Dec 23, 2008
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Kiva Help Repayment Schedule for Mrs. Chraeng Yang Village Bank Group

  Expected Repayments Actual Repayments Comments
February 2009 $341.66 $329.62 Repayment Received
March 2009 $170.83 $164.81 Repayment Received
April 2009 $170.83 $164.81 Repayment Received
May 2009 $170.83 $164.81 Repayment Received
June 2009 $170.83 $164.80 Repayment Received
July 2009 $170.83 $164.81 Repayment Received
August 2009 $170.83 $164.81 Repayment Received
September 2009 $170.83 $164.81 Repayment Received
October 2009 $170.83 $164.81 Repayment Received
November 2009 $170.83 $164.81 Repayment Received
December 2009 $170.87 $237.10 Repayment Received