Mrs. Kimho Mey Village Bank Group


Status: Paying Back

$1,600.00   Loan Amount
90% repaid

About the Group

Group Name: Mrs. Kimho Mey Village Bank Group
Group Members: Kimho Mey
Channy Chhin
Pen Yea
Phoan Sao
Kimteng Mey
Somloth Oul
Sophany Pich
Kim Soth Khlot
Thy Chhon
Pheuon Tet
Buthpha Phat
Location: Svay Chrum Thmey Village, Cambodia
Activity: Bakery

About the Loan

Loan Amount: $1,600.00
Loan Use: To purchase more ingredients to make desserts to sell.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 26, 2008
Date Disbursed: Nov 4, 2008
Date Funded:Dec 21, 2008

About the Country

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



This village bank, which consists of eleven members, is located in Svay Chrum Thmey village in Kampong Chhnang Province. They plan to use the loan for various purposes. Mrs. Kimho Mey is the village bank president, selected by the members. She is a dessert seller. Since her business is going well, she wants to expand it. Thus, she decided to ask for a loan to purchase more ingredients to make delicious desserts for her customers. Her husband, Mr. Keo Chum, is a motorbike taxi driver. Mrs. Kimho Mey has three children. One of her children repairs motorbikes; another is a construction worker; and the third is attending the local school.



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. Kimho Mey Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Kimho Mey Village Bank Group
Location: Svay Chrum Thmey Village, Cambodia

Thank you for your loan. It has been disbursed to the Kimho Mey group, consisting of Kimho Mey, Channy Chhin, Pen Yea, Phoan Sao, Kimteng Mey, Somloth Oul, Sophany Pich, Kim Soth Khlot, Thy Chhon, Pheuon Tet, Buthpha Phat 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 Svay Chrum Thmey Village, Cambodia
Dec 22, 2008
Comment on this entry

Kiva Help Repayment Schedule for Mrs. Kimho Mey Village Bank Group

  Expected Repayments Actual Repayments Comments
February 2009 $133.34 $133.34 Repayment Received
March 2009 $133.34 $133.34 Repayment Received
April 2009 $133.34 $133.34 Repayment Received
May 2009 $133.34 $133.34 Repayment Received
June 2009 $133.34 $133.90 Repayment Received
July 2009 $133.34 $132.41 Repayment Received
August 2009 $133.34 $121.08 Repayment Received
September 2009 $133.34 $147.52 Repayment Received
October 2009 $133.34 $121.67 Repayment Received
November 2009 $133.34 $137.38 Repayment Received
December 2009 $133.34 $122.04  
January 2010 $133.26 Available Jan 1