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Mrs. Hong Doek Village Bank Group
In this Group: Hong, Sopheap, Touch, Thorn, Sokhoeurn, Sea, Se, Thim
The village bank loan which consists of eight people is located in Chheu Neang Khpos village in Takeo province. Mrs. Hong D. is the village bank president who has been selected by the members. She is a farmer who owns a plot of land to cultivate rice. In this plantation, she faces an obstacle because she does not have enough money to hire laborers to work on the field. Thus, she decided to ask for a loan for this purpose and she would use the rest of money to buy fertilizer to support the field. Her husband, Mr. Peou Ek, is a healer. Mrs. Hong D. is 55 years old and the mother of child who is a person to put the music to the phone for saving.

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
  • 108
    View loans »
    Cambodia Loans Fundraising
  • $35,066,900
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Hong Doek Village Bank Group's $800 loan helped a member to ask for a loan to hire laborers and she would use the rest of money to buy fertilizer to support the field.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 4, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010