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Mrs. Kung Nhoem Village Bank Group
In this Group: Kung, Chhon, Sokhon, Sokunthea, Touch, Noeurn, Vanna, Dy, Ny, Narann, Pheoun, Phany, Pao, Chanveasna, Vannak, Each, Savoeun, Sary, Sam Ang, Sam Oeurn, Chanthan, Kun, Krouy, Reit, Chanra, Kim Srey, Sary, Phearom, Phal
Twenty-nine people living in Ta Reab DoU. S. village in Kandal province comprise this village bank loan group, and they will use their loans for various purposes. Mrs. K. N. is the 48-year-old village bank president. She is a farmer who owns a plot of land where she cultivates both rice and vegetables. In her rice cultivation, she has some problems because she does not have rice seed and her field is infertile which affects her crop. In order to deal with these problems, she decided to ask for a loan to buy rice seed, fertilizer, and pesticides to support the rice field. Her husband, Mr. Sao Chhin, is a fisherman. This couple has five children, two of whom are employed in a garment factory while the others are enrolled in the local school.



One member in this group has an end-of-term loan and the rest have monthly payment loans. EoT borrowers 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
  • 105
    View loans »
    Cambodia Loans Fundraising
  • $36,157,725
    Funds lent in using Kiva
  • 4,205.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Kung Nhoem Village Bank Group's $4,350 loan helped a member to buy rice seed, fertilizer, and pesticides to support the rice field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2009
Listed
Jul 30, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010