Mrs. Uss Chea Village Bank Group


Status: Paying Back

$2,125.00   Loan Amount
65% repaid

About the Group

Group Name: Mrs. Uss Chea Village Bank Group
Group Members: Uss Chea
Phally Chum
Pov Soam
Kung Saem
Sok Hoem
Soth Saem
San Kek
Sarate Leng
Yan Mace
Touch Aor
Leang Horn
Sary Shem
Sok Kun Mong
Ken Sorn
Soth Pheth
Channy Sem
Location: Peam Sala Village, Cambodia
Activity: Agriculture

About the Loan

Loan Amount: $2,125.00
Loan Use: To buy rice seeds to grow and fuel to support the field to make her crop more productive
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Mar 3, 2009
Date Funded:Apr 19, 2009

About the Country

Country:Cambodia
Avg Annual Income:$2,600.00
Currency:Cambodia Riels (KHR)
Exchange Rate:4,108.1500 KHR = 1 USD



Sixteen people who all live in Peam Sala village in Kandal province make up the village bank loan and all the members will use the loan for different purposes.


Mrs. Uss Chea is a village president who has been selected by the members. She is a farmer who owns a small piece of land on which to cultivate rice to earn a living. In this plantation, she now faces a small problem because she does not have enough money to buy rice seeds to grow. So she decided to ask for a loan with which to buy them. In addition, she would use the rest of the loan to buy fuel to support the field and make her crop more productive. She is a 65-year-old widow with a child who is a construction worker, who can earn a small income to support the family.


Mrs. San Kek did not come to take a loan but her husband did, so he is presented in the picture instead.



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. Uss Chea Village Bank Group


Loan has been disbursed
 
Entrepreneur: Mrs. Uss Chea Village Bank Group
Location: Peam Sala Village, Cambodia

Thank you for your loan. It has been disbursed to Mrs. Uss Chea Village Bank Group, consisting of Uss Chea, Phally Chum, Pov Soam, Kung Saem, Sok Hoem, Soth Saem, San Kek, Sarate Leng, Yan Mace, Touch Aor, Leang Horn, Sary Shem, Sok Kun Mong, Ken Sorn, Soth Pheth, Channy Sem by AMK in Cambodia. We are excited to watch this business grow. Over the 11 months of this loan, AMK will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Peam Sala Village, Cambodia
Apr 20, 2009
Comment on this entry

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

  Expected Repayments Actual Repayments Comments
June 2009 $354.26 $354.26 Repayment Received
July 2009 $177.13 $177.16 Repayment Received
August 2009 $177.13 $177.13 Repayment Received
September 2009 $177.13 $164.92 Repayment Received
October 2009 $177.13 $145.72 Repayment Received
November 2009 $177.13 $163.55 Repayment Received
December 2009 $177.13 $204.10  
January 2010 $177.13 Available Jan 1  
February 2010 $177.13 Available Feb 1  
March 2010 $177.13 Available Mar 1  
April 2010 $176.57 Available Apr 1