Check out some available loans that are similar to this one!
Mrs. Long Hong Un Village Bank Group
In this Group: Long Hong, Mao, Phorn, Touch, Yoeun, Khon, Un, Chan, Thorn, Vannak, Sruy, Mao, Pov, Sinat, Sngoeung, Bona, Soeurn, Man, Khon, Rum Khan, Saroeun, Ry, Chhoeun, Nhor, Pav
Twenty-five people living in Pou Roung village in the Takeo province comprise this village bank loan, and they will use the loan for various purposes. Mrs. Long H. U. is a 50-year-old village bank president. She is a farmer, and owns land to cultivate rice and vegetables. Her husband, Mr. Kiev MoeU., is a policeman. The couple has three children, one of whom is a laborer, another is a grocer, and the third is attending the local school. Mrs. Long H. U. is applying for a loan to buy more grocery products to expand her second child’s business.


Fifteen members in this group have end-of-term loans, and the rest have monthly payment loans. End-of-term (EoT) loans do not require principal payments until the very end of the loan term. End-of-term loans are AMK’s main product because it is the most beneficial to Cambodia’s poor. This type of loan allows the members to repay portions of the principal whenever they are financially able. Most clients start making 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
  • 265
    View loans »
    Cambodia Loans Fundraising
  • $37,506,450
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Long Hong Un Village Bank Group's $3,525 loan helped a member to buy grocery products to expand her second child’s business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010