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Mr. Chenda Tim Village Bank Group
In this Group: Chenda, Sarin, Sorphorn, Oeum, Son, Samnang, Sokha*, Chea, Chamreourn, Preg, Channai, Samorn, Sambath, Liheng, Sothy, Narong, Savoeurn*, Chhorn, Kamsoth, Vanna, Phoeurn, Mach*, Sorours, Sokheng, Pronh, Shinat, Leakna
* not pictured
Twenty seven people living in Preah Theat village in Kandal province comprise this village bank loan, and they will use the loan for various purposes. Mr. Chenda T. is the 28-year-old village bank president.

Mr. Chenda T. is a farmer who owns 0.5-hectar (1.25-acre) piece of land on which he cultivates rice. In his plantation, he faces a problem because his field is infertile. Thus, he decided to ask for a loan to buy fertilizer; he would use the rest of loan to hire laborers to work on the field. His wife, Mrs. Num Dara, is a construction worker. This couple has two children, one of whom is attending the local school while the youngest one is just two years old.

Mr. Liheng P. did not come to take a loan but his wife did, so she is shown in the picture instead.

Seventeen members in this group are taking end-of-term loans and the rest have monthly payment loans. Those taking 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 it is the most beneficial to Cambodia’s poor. It allows them to repay portions of the principal whenever they are financially 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 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
  • $36,585,575
    Funds lent in using Kiva
  • 4,145.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Chenda Tim Village Bank Group's $3,950 loan helped a member to buy fertilizer and to hire laborers to work on the field.
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