Mrs. Sarun Nop Village Bank Group


Status: Paying Back

$1,875.00   Loan Amount
43% repaid

About the Group

Group Name: Mrs. Sarun Nop Village Bank Group
Group Members: Sarun Nop
Sokha Om
Sophi Khat
Moeurn Meas
Sov Norng
Sarun Nuth
Nirun Chhun
Dany Nhoem
Sokhom Nop
Sakhorn Nop
Hoeun Nhem
Phoan Meas
Pheap Ratt
Sok Mok
Seiha Nhoem
Srey Hem
Savoeun Minh
Location: Angk Ta Nu Village, Cambodia
Activity: Beauty Salon

About the Loan

Loan Amount: $1,875.00
Loan Use: To buy more cosmetic products
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 29, 2008
Date Disbursed: Nov 5, 2008
Date Funded:Dec 24, 2008

About the Country

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



The village bank which consists of seventeen members is located in Angk Ta Nu village in Takeo Province. All the members plan to use their loan proceeds for different purposes. Mrs. Sarun Nop is the village bank president who has been selected by the other members. She is beautician who does makeup for wedding ceremonies. Since her business is going well, she wants to use her proceeds to buy additional cosmetic products. Her husband, Mr. Kat Sao, is a farmer. Mrs. Sarun Nop is 29 years old and the mother of four children, three of whom are attending the local school while the youngest one is two years old.


This is a group loan consisting of mainly end-of-term loans. Thirteen members have 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. Sarun Nop Village Bank Group


Chicken run
 
Entrepreneur: Mrs. Sarun Nop Village Bank Group
Location: Angk Ta Nu Village, Cambodia

Hi,

I am a Kiva Fellow at AMK Cambodia. Last week we had the pleasure of visiting the Sarun Nop group in the Takeo province of Cambodia. The journey took us down many long and dusty roads through small villages and past countless waving villagers and school children in their uniforms. We then had to walk about a kilometre through some beautiful fields to a small patch of woodland where the village chief lived, so that we could meet one of the group, Srey Hem. On the way we saw plenty of workers in the field and even a piglet licking a cow on the face!

Srey Hem borrowed 600,000 Cambodian Rial (about $146) to buy chickens to sell in the market. Her income has gone up by 33% as a result of this, and her living conditions are better. She has completed work on her house and her plantation is better.

She also told us about Sov Nourng, another group member, who is enjoying great success as a chicken middleman in the local village, buying chickens from the villagers and selling them at the market.

Above is a photo of Srey Hem being interviewed by the AMK Kiva coordinator.

Kiva Fellow Sanjaya (also pictured with the big camera) made a brilliant video about our trip to see these clients, you can see it on the Fellows Blog by clicking on this link.

Thank you for supporting AMK and Kiva. You can find more AMK loans on this page. We'd love to get them all funded by the end of the month, so help us if you can!

Thanks,

Kieran


Posted by Kieran Ball from Angk Ta Nu Village, Cambodia
Dec 21, 2008
Comment on this entry

Loan has been disbursed
 
Entrepreneur: Mrs. Sarun Nop Village Bank Group
Location: Angk Ta Nu Village, Cambodia

Thank you for your loan. It has been disbursed to the Sarun Nop group, consisting of Sarun Nop, Sokha Om, Sophi Khat, Moeurn Meas, Sov Norng, Sarun Nuth, Nirun Chhun, Dany Nhoem, Sokhom Nop, Sakhorn Nop, Hoeun Nhem, Phoan Meas, Pheap Ratt, Sok Mok, Seiha Nhoem, Srey Hem, Savoeun Minh 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 Angk Ta Nu Village, Cambodia
Dec 25, 2008
Comment on this entry

Kiva Help Repayment Schedule for Mrs. Sarun Nop Village Bank Group

  Expected Repayments Actual Repayments Comments
February 2009 $49.02 $49.02 Repayment Received
March 2009 $49.02 $49.02 Repayment Received
April 2009 $49.02 $49.02 Repayment Received
May 2009 $49.02 $49.02 Repayment Received
June 2009 $49.02 $134.68 Repayment Received
July 2009 $49.02 $49.12 Repayment Received
August 2009 $49.02 $220.61 Repayment Received
September 2009 $49.02 $147.06 Repayment Received
October 2009 $49.02 $24.51 Repayment Received
November 2009 $49.02 $24.51 Repayment Received
December 2009 $49.02 $24.51 Repayment Received
January 2010 $1,335.78 Available Jan 1