Mrs. Mom Chea Village Bank Group


Status: Paying Back

$2,375.00   Loan Amount
83% repaid

About the Group

Group Name: Mrs. Mom Chea Village Bank Group
Group Members: Mom Chea
Yom Him
Chea Soth
Vanny Som
Sokkhom Eang
Yeang Mi
Sokhoeun Sron
Mao Choek
Channy Sann
Sokhom Sann
Keomhul Born
Sareth Chhuon
Sopheak Chhin
Pov Hong
Aun Koe
Channtha Born
Location: Phum Dabprambei Village, Cambodia
Activity: Pigs

About the Loan

Loan Amount: $2,375.00
Loan Use: To buy more piglets for breeding.
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 1, 2009
Date Disbursed: Nov 27, 2008
Date Funded:Jan 12, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,081.6500 KHR = 1 USD



Mrs. Mom Chea is the president of a village bank in Phum Dabprambei village in Kampong Chhnang province. There are sixteen people in her village bank.

Mrs. Mom Chea breeds pigs. Since her pig-breeding business is going well, she wants to expand it. Thus, she has decided to request a loan to buy more piglets for her breeding business. She hopes to increase her income and improve her family's living conditions when she sells the pigs that she buys with this loan.

Her husband, Mr. Prum Saren, is a farmer who owns a small piece of land on which he cultivates rice. Mrs. Mom Chea is 40 years old and the mother of five children. Two of her children are workers, two more attend the local school, and the youngest is just five years old.



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. Mom Chea Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Mom Chea Village Bank Group
Location: Phum Dabprambei Village, Cambodia

Thank you for your loan. It has been disbursed to the Mom Chea group, consisting of Mom Chea, Yom Him, Chea Soth, Vanny Som, Sokkhom Eang, Yeang Mi, Sokhoeun Sron, Mao Choek, Channy Sann, Sokhom Sann, Keomhul Born, Sareth Chhuon, Sopheak Chhin, Pov Hong, Aun Koe, Channtha Born 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 Phum Dabprambei Village, Cambodia
Jan 14, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mrs. Mom Chea Village Bank Group

  Expected Repayments Actual Repayments Comments
March 2009 $197.92 $197.92 Repayment Received
April 2009 $197.92 $198.31 Repayment Received
May 2009 $197.92 $0.00 Repayment Received
June 2009 $197.92 $395.53 Repayment Received
July 2009 $197.92 $198.71 Repayment Received
August 2009 $197.92 $197.03 Repayment Received
September 2009 $197.92 $197.94 Repayment Received
October 2009 $197.92 $197.92 Repayment Received
November 2009 $197.92 $198.31 Repayment Received
December 2009 $197.92 $197.53 Repayment Received
January 2010 $197.92 Available Jan 1  
February 2010 $197.88 Available Feb 1