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Mrs. Mom Chroeng Village Bank Group
In this Group: Mom, Mao, Ngus, Sochan, Kheng, Aun, Samon, Aun, Srey Kea, Met, Cheang, Sarorn, Aun, Ret, Mek, Touch, Chantha, Somaly, Phally, Chan Eng, Bros, Srey, Ney, Srey Raoth, Srey Mom, Ly
This loan will help 26 people in Pou village in TaK. province. Mrs. Mom C. has been elected village bank president by the members of this group. She is a farmer who owns a one-hectar field where she grows rice for a living. She faces a small problem because she does not have enough money to hire laborers to work on her field; she is applying for this loan to hire the helpers she needs. Her husband, Mr. Loem Vong, also works on the farm. Mrs. Mom C. is 29 years old and has three children, two of whom attend school while the youngest is too young to work or study.

Fifteen members of this group have loans with end-of-term payments; the rest make regular monthly payments. End-of-term (EoT) loans are AMK’s main product because they work best to benefit Cambodia’s poor by allowing them to repay portions of the principal when they are financially able. Most clients start to make payments many months before the end of the loan term, and almost all make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva loans.

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
  • 136
    View loans »
    Cambodia Loans Fundraising
  • $35,084,000
    Funds lent in using Kiva
  • 4,200.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Mom Chroeng Village Bank Group's $3,425 loan helped a member to hire laborers to work on her field.
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