Mrs. Lorn Mach's Village Bank Group
Status: Paying Back - Delinquent
| $2,400.00 | Loan Amount |
|---|
About the Group
| Group Name: | Mrs. Lorn Mach's Village Bank Group |
|---|---|
| Group Members: |
Lorn Mach Neng Chroek Sokun Orl Kea Rors Pheap Mun Noeurn Choek Sok Kim Mach Met Mun Saly To Khunthea Tun Ly Mach Pao Mach Sokha Ben Phan Sun Noeun Nam Sok Rim Thon Nim Pan Im Vang Hem Pin Vun Chhorn Lim Thorn |
| Location: | Chamka Village, Cambodia |
| Activity: | Pigs |
About the Loan
| Loan Amount: | $2,400.00 |
|---|---|
| Loan Use: | To buy three piglets to start a breeding business. |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jan 16, 2009 |
| Date Disbursed: | Dec 23, 2008 |
| Date Funded: | Jan 16, 2009 |
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: | 18202 |
| Total Loans: | $3,094,975 |
| 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: | 4,153.3000 KHR = 1 USD |
Ten members in this group loan are committed to 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 do so. 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 a default rate of 0% with Kiva.
Mrs. Sokun Orl, one of the loan participants, is represented by her husband in the photo.
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. Lorn Mach's Village Bank Group
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Loan has been disbursed
Location: Chamka Village, Cambodia
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Posted by
from Chamka Village, Cambodia
Jan 17, 2009 |
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Comment on this entry
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Repayment Schedule for Mrs. Lorn Mach's Village Bank Group
Repayment Schedule for Mrs. Lorn Mach's Village Bank Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| March 2009 | $200.00 | $132.66 |  Repayment Received
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| April 2009 | $200.00 | $132.66 | Repayment Received
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| May 2009 | $200.00 | $205.03 | Repayment Received
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| June 2009 | $200.00 | $133.19 | Repayment Received
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| July 2009 | $200.00 | $157.85 | Repayment Received
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| August 2009 | $200.00 | $168.84 | Repayment Received
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| September 2009 | $200.00 | $253.27 | Repayment Received
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| October 2009 | $200.00 | $132.66 |  Delinquent
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| November 2009 | $200.00 | $131.36 | Delinquent
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| December 2009 | $200.00 | $132.37 | |||
| January 2010 | $200.00 | Available Jan 1 | |||
| February 2010 | $200.00 | Available Feb 1 | |||
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