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Mrs. Oeurn Mak Village Bank Group
In this Group: Oeurn, Nget, Saron, Ly, Raoth, Mom, Mom, Vy, Du, Pov, Son, Phon, Savy
This village bank loan group consists of thirteen people who are located in Prey Chheu Teal village in Takeo province. Mrs. Oeurn M. is the village bank president who has been selected by the other members.

Mrs. Oeurn M. raises pigs. She also owns a piece of land on which she cultivates rice. For this plantation, she needs a loan to buy fertilizer to support the field to make her crop more productive.

Mrs. Oeurn M. is 49 years old and the mother of three children who are enrolled in the local school. Her husband, Mr. South Chorn, is a policeman.

Mrs. Nget P. did not come to take her loan but her husband did, so he is presented in the picture instead.

All the members in this group loan have end-of-term (EoT) loans so they are not required to pay any principal on the loan until the very end of the loan term. EoT loans are AMK’s main product because they are 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 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
  • 86
    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. Oeurn Mak Village Bank Group's $975 loan helped a member to buy fertilizer to make her crop more productive.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 6, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010