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Mrs. Chanthou Chea Village Bank Group
In this Group: Chanthou, Thouen, Mao, Kung, Sreinaeth, Sopheap, Sorphorn, Sophea, Sreypov, Sreypov, Rithy, Pom, Mony, Savon
The village bank loan consists of 14 people located in Lvea Sa Leu village in Kandal Province, led by Mrs. Chanthou C., the village bank president selected by the members. A pig breeder, Chanthou is married to Mr. Y. Chorn, a village chief and farmer who owns a plot of land to cultivate both rice and vegetable. Now Chanthou is requesting a loan to build a piggery for her pig-breeding business. She is 54 years old and the mother of five children, two of whom are employed in a garment factory while the others are attending the local school.



Five members in this group loans are end-of-term loans and the rest have monthly payment loans. The former 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 they the most beneficial to Cambodia’s poor, allowing 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 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
  • 267
    View loans »
    Cambodia Loans Fundraising
  • $37,517,900
    Funds lent in using Kiva
  • 4,126.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Chanthou Chea Village Bank Group's $2,350 loan helped a member to build a piggery for her pig-breeding business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010