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Sokha's Group
In this Group: Sokha, Sokhon, Rem, Srey
Mrs. Sokha K. is a group leader of four members who all live in Thuoch village in TaK. province. She is a pig breeder. Her husband, Mr. Saom Bros, is a construction worker. This couple has 2-hectar field of land to cultivate rice. In this plantation, they face an obstacle because their field is infertile which it is a bad to affect to their crop. In order to solve this problem, Mrs. Sokha K. decided to ask for a loan to buy fertilizer to support the field to make her crop more productive. She is 21 years old and the mother of a child who is too young to work or study.

All the members in this group loan are end-of-term loans so they are not required to pay any principal on the loan until the very end of the loans 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 their payments many months before the end of the loan term. Almost all of AMK’s client 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
  • 121
    View loans »
    Cambodia Loans Fundraising
  • $36,207,275
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Sokha's Group's $350 loan helped a member to ask for a loan to buy fertilizer to support the field to make her crop more productive.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 5, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010