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Mrs. Phary Sok Village Bank Group
In this Group: Phary, Kum, Srey, Saroeurn, Tel, Phearoat, Sokunthea, Sopheap, Chhorn, Vich, Sreyhorn, Sreymom, Phan, Van, Sothy, Thy, Horn, Pich, Phally, Kol, Kunthea, Phun, Srors, Sophorn
This village bank loan group has 24 members, all of whom live in Krapeu Troum village in Kandal province. They will use the loan for various purposes. Mrs. Phary S., 37, is the village bank president. She is a farmer who owns a small piece of land where she cultivates rice. She is requesting a loan to purchase fertilizer to support the field and make her crop more productive. Her husband, Mr. Oau Neat, is a construction worker. They have two children who attend the local school.

Fourteen members in this group have end-of-term loans and the rest have monthL. payment loans. Those who have end-of-term loans 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 they are the most beneficial for Cambodia’s poor. End-of-term loans allow clients to repay portions of the principal whenever they are financialL. able to. 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 onL. 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
  • 123
    View loans »
    Cambodia Loans Fundraising
  • $36,160,175
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phary Sok Village Bank Group's $3,550 loan helped a member to purchase fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2009
Listed
Jun 16, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2010