Check out some available loans that are similar to this one!
Mr. Sim Kung Village Bank Group
In this Group: Sim, Kaem, Muy, Khom, Roeurn, Chha, Samitt, Kaem, Kung, Eng, Im, Lim
Twelve people living in Ta Vong village in Takeo province comprise this village bank loan group, and they will use the loan for various purposes. Mr. Sim K. is the 59-year-old village bank president.

Mr. Sim K. is a hardworking man. His wife, Mrs. Em Sreng, is a farmer who owns a plot of land on which she cultivates rice. The couple has three children, two of whom are construction workers while the other is a waiter.

Although Mr. Sim K.’s family members try to work hard, they still earn insufficient income to supP. their household. In order to improve their living standard, Mr. Sim K. decided to ask for a loan to buy piglets to raise. He will use the rest of the money to buy fertilizer to supP. their rice field.

Mr. Muy C. did not come to take his loan but his wife did, so she is shown in the photo.

Six members in this group loans have end-of-term (EoT) loans and the rest have monthly payment loans. Those with EoT loans 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. EoT loans allow 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 clients 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
  • 113
    View loans »
    Cambodia Loans Fundraising
  • $35,862,650
    Funds lent in using Kiva
  • 4,115.0
    Cambodia Riels (KHR) = $1 USD

Success!! The loan was 100% repaid

A portion of Mr. Sim Kung Village Bank Group's $1,575 loan helped a member to buy piglets to raise and fertilizer to support the rice field.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010