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Mrs. Saret Chan Village Bank Group
In this Group: Saret, Pou, Tuoch, Li, Sary, San, Chhork, Roatha, Sa Am, Sam Art, Mith, Yeang, Ta, Kha, Nun, Samphors, Sophy, Sopheap, Chet, Somean, Ry, Mao, Saroeurn
This village bank, which consists of 23 people, is located in Pou village in the Takeo province. All the members will use the loan for different purposes. Mrs. Saret C. is the village bank president who has been selected by the members. She is a farmer who owns a small piece of land to cultivate rice. Aside frO. this, she also is a pig breeder. Thus, she would like to ask for a loan to buy fertilizers to support the rice field and to buy more piglets for breeding. She is a widow with three children, two of whO. are studying at the local school, while the other is studying in beauty-salon class.

This is a village bank loan consisting of mainly end-of-term loans. Twenty-one members have end-of-term loans and the rest have monthly payment loans. Group members are not required to pay any principal on the loan until the very end of the loan term. End-of-term loans are AMK’s main product because they 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
  • 292
    View loans »
    Cambodia Loans Fundraising
  • $37,502,950
    Funds lent in using Kiva
  • 4,150.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Saret Chan Village Bank Group's $2,975 loan helped a member to buy fertilizers to support the rice field and to buy more piglets for breeding.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Jul 22, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010