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Mrs. Yi Seng Village Bank Group
In this Group: Yi, Seur, Thorn, Phal, Mom, Sarem, Sona, Torkk, Sout, Sun, Phou, Nhoeb, Srey Mom, Khorn, Kory, Sokha, Seam, Phork, Nuv
Nineteen people living in Boeng Satong village in Takeo province comprise this village bank loan, and they will use the loan for various purpose. Mrs. Yi S. is a 23- year-old village bank president. She is a grocer who owns a grocery store. Since her business is doing well, she has a lot of consumers who need many demands. Thus, she decided to request a loan to buy more grocery products to add her business to earn more profits. Her husband, Mr. Eng Chan Veasna, is a farmer who owns 1.5-hectar field of land to cultivate rice. This couple has three children, one of whom is attending the local school while the others are too young to work or study.

Twelve members in this group loans are end-of-term loans and the rest have monthly payment loans. They 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 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 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
  • 117
    View loans »
    Cambodia Loans Fundraising
  • $36,211,875
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mrs. Yi Seng Village Bank Group's $2,425 loan helped a member to request a loan to buy more grocery products to add her business to earn more profits.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010