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Mrs. Im Nem Village Bank Group
In this Group: Im, Samarth, Phea, Touch, Phally, Inn, Thim, Mao, Ri, Touch, Moll, Shi, Much, Khom, Hoeun, Phally, Theang, Son, Aid, Vet, Eang
Twenty-one people living in Tranh village in Kandal province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Im N., who is 50, is the village bank president. She is a medicine seller. Since she has a lot of customers with many demands, she needs a loan to purchase more medicines to support her customers. Her husband, Mr. B. Khorn, is a farmer who owns a plot of land and cultivates rice. They have two children who are attending the local school.

Fourteen members in 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 (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. 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
  • 119
    View loans »
    Cambodia Loans Fundraising
  • $35,859,500
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Im Nem Village Bank Group's $3,325 loan helped a member needs a loan to purchase more medicines to support her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2009
Listed
Jul 29, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010