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Mrs. Sang Chum Village Bank Group
In this Group: Sang, Srey, Sorng, Sao, Ny, Nan, Phannara, Orn, Savin, Vet, Nhen, Sot, Pov
Thirteen people who live in PO. village in Takeo province make up the village bank loan. The borrowers will use the loan for different purposes. Mrs. Sang C. is the village bank president. She is a farmer who owns a small piece of land to cultivate vegetables. Her husband, Mr. Saor Sek, gathers palm juice to produce palm sugar. Since these two businesses can make only a small income, Mrs. Sang C. decided to ask for a loan to buy piglets to start a pig-breeding business. Mrs. Sang C. has four children: one is a palm juice collector, another is a firewood cutter and the other two are students.

Eleven members of this group have 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 loans are AMK’s main product because these are the most beneficial to Cambodia’s poor. Such loans allow the borrowers 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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $36,215,100
    Funds lent in using Kiva
  • 4,200.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Sang Chum Village Bank Group's $1,475 loan helped a member to buy piglets to start a pig-breeding business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Jul 24, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010