Check out some available loans that are similar to this one!
Mrs Rim Choem Village Bank Group
In this Group: Rim, Oeurn, Searm, Thon, Vanny, Heang, Sokaun, Somaly, Yan, Pov, Pin, Yath, Im, Yeth, Vannak, Malis, Roeurn, Phuong, Khem, Yorm, Yon, Sokhom, Noeun, Khoeun
This village bank loan is for a group of 24 people living in Mkak village in Kandal province, and the group will use the loan for various purposes. Mrs Rim C. is 57 years old and the village bank president. She is a widow with two children, one of whom is a garment factory employee while the other is a construction worker. Mrs Rim C. is a farmer who owns a small piece of land to cultivate rice, and she needs fertilizer to make her crop more productive.


Eighteen members in this group have end-of-term (EoT) loans. This means they are not required to pay any principal on the loan until the very end of the loan term. (The rest have monthly payment loans.) EoT loans are AMK’s main product because they are the most beneficial to Cambodia’s poor. An EoT loan allows the borrower to repay portions of the principal whenever he or she is 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
  • 120
    View loans »
    Cambodia Loans Fundraising
  • $35,919,225
    Funds lent in using Kiva
  • 4,126.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs Rim Choem Village Bank Group's $3,150 loan helped a member to buy fertilizer for her rice field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 5, 2009
Listed
Jun 1, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010