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Mrs. Keom Han Nai Village Bank Group
In this Group: Koem Han, Chrorn, Sina, Chenda, Yeim, Sam Oeun, Sophal, Song, Phin, Yan, Phai, Keo, Tha, Vy, Touch, Met, Poun, Souy, Phann, Sokunthea
Twenty people who are all living in Tuol Trea village in Takeo province make up this village bank loan. Mrs. Keom Han N. is the village bank president who has been selected by the members. They all will use the loan for different purposes. Mrs. Keom Han N. is a farmer who owns a small piece of land where she cultivaT. rice to earn a living. Her husband, Mr. Orm Vanna, is a construction worker and he also helps his wife with rice farming. For the rice plantation, she decided to ask for a loan to buy fertilizer and hire laborers to work in the rice field. With the rest of the loan, she plans to buy fish to raise as a new business and she will also buy fish food to support this business.

Mrs. Keom Han N. is 28 years old and the mother of two children, one of whom is attending the local school while the younger one is too yoU. to work or study because that child is only four years old. All of the group members are present in the picture but some of them are blocked.

Nineteen members in this group have end-of-term loans and other has a monthly payment loan. 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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $35,445,525
    Funds lent in using Kiva
  • 4,137.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Keom Han Nai Village Bank Group's $2,650 loan helped a member to buy fertilizer and hire laborers to work in the rice field, and buy fish to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Aug 12, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010