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Mrs. Phul Phai Village Bank Group
In this Group: Phul, Tum, Pheap, Oeun, Lang, Srin, Yoeun, Pheang, Pheann, Sinuon, Phat, Sokheang, Khorn, Kim, Nget, Boeurn, Sareth, Sokhy
Mrs. Phul P. is a farmer who owns a small piece land to cultivate rice and she is also a silk weaver in the local village. She is a widow with three children who are all attending the local school. Since the second business is going well, she has decided to ask for a loan to buy silk for her weaving. She is the village bank president, who has been selected by the members.


This village bank consists of 18 people located in Kandal village in Takeo province. The members will use their loans for different purposes. Eleven members in this group have end-of-term loans (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 they are the most beneficial to Cambodia’s poor. They allow 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
  • 291
    View loans »
    Cambodia Loans Fundraising
  • $37,552,375
    Funds lent in using Kiva
  • 4,202.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Phul Phai Village Bank Group's $2,250 loan helped a member to buy silk for weaving.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2009
Listed
Aug 12, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010