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Mrs. Sieb Meas Village Bank Group
In this Group: Sieb, Saron, Sarin, Suon, Sokhom, Pol, Sarann, Morn, Savy, Phally, Savorn, Kan, Sopheap, Sarun
The Village Bank, which consists of fourteen members, is located in Romon village in Takeo province, Cambodia. They plan to use the loan, which they obtained, for different purposes. Mrs. Sieb M. is the village bank president. She was selected by the group members. She is a farmer and she owns a small piece of land to cultivate rice. Her husband, Mr. Em Phalla, is a motor taxi driver. Aside from this work, he is a palm juice collector. Mrs. Sieb M. is requesting a loan to buy a cow, for breeding, to earn more income for her family. She is 34 years old and the mother of two children, one of whom is enrolled in the local school while the youngest one is too young to work or study.

Eight members in this group have loans that are 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. 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 AMK has a default rate of 0% on Kiva.

Additional Information

About AMK

Angkor Microfinance Kampuchea (AMK) is a leading microfinance institution in Cambodia with a wide reach of operations. AMK works with over 6,000 villages and serves clients in every Cambodian province. With an average loan size of US$115, AMK’s focus is to provide credit and savings products to the very poor in rural areas. For more information, please visit AMK's website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Cambodia

  • $2,600
    Average annual income
  • 69
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,125.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sieb Meas Village Bank Group's $1,625 loan helped a member to buy a cow for breeding to earn more income for her family.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2009
Listed
May 5, 2009
Currency Exchange Loss:
Covered
Ended:
May 18, 2010