Mrs. Veth Rong Village Bank Group
Status: Paying Back - Delinquent
| $2,575.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs. Veth Rong Village Bank Group |
|---|---|
| Group Members: |
Veth Rong Pom Sorn Ya Shorn Sokha Sambath Shim Ngen Rorn Rong Srey Mom Srouy Hun Meak Noen Sor Reab Rong Mom Krouy Ann Pech Samol Ngat Samoeurn Chea Samon Ngat Kanon Phon Moen Meak Chiva Yeat Chea Vet |
| Location: | Ta Chour Village, Cambodia |
| Activity: | Fish Selling |
About the Loan
| Loan Amount: | $2,575.00 |
|---|---|
| Loan Use: | To buy more fish for re-sale. |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 7, 2008 |
| Date Disbursed: | Nov 21, 2008 |
| Date Funded: | Dec 25, 2008 |
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: | 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: | 4,116.9500 KHR = 1 USD |
children, two of whom are employed in the local school while the others are too young to work or study.
Two other members of this village bank loan have end-of-term loans and the rest have monthly payment loans. 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 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.
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. Veth Rong Village Bank Group
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Loan has been disbursed
Location: Ta Chour Village, Cambodia
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Posted by
from Ta Chour Village, Cambodia
Dec 26, 2008 |
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Comment on this entry
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Repayment Schedule for Mrs. Veth Rong Village Bank Group
Repayment Schedule for Mrs. Veth Rong Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| February 2009 | $367.86 | $347.38 |  Repayment Received
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| March 2009 | $367.86 | $418.44 | Repayment Received
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| April 2009 | $367.86 | $335.26 | Repayment Received
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| May 2009 | $367.86 | $186.42 | Repayment Received
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| June 2009 | $367.86 | $118.81 |  Delinquent
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| July 2009 | $367.86 | $59.32 | Delinquent
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| August 2009 | $367.84 | $92.36 | Delinquent
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| September 2009 | $0.00 | $14.26 | |||
| October 2009 | $0.00 | $2.45 | |||
| November 2009 | $0.00 | $23.39 | |||
| December 2009 | $0.00 | $12.07 | |||
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